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Income tax accounting (ASC 740) considerations for the 2024 financial reporting year
May 15 @ 1:00 pm – 2:00 pm EDT
Event details
Dive into the intricacies of Accounting Standards Codification (ASC) 740, “Income Taxes,” in our upcoming webinar on the latest in income tax accounting reporting requirements.
We’ll provide an in-depth analysis of how recent legislative developments under the Inflation Reduction Act of 2022, the Creating Helpful Incentives To Produce Semiconductors (CHIPS) and Science Act of 2022, and accounting standard updates are reshaping the landscape of income tax accounting under ASC 740, including these topics:
- Sale and purchase of energy tax credits. Unpack the income tax accounting treatment for transactions involving the sale and transfer of energy tax credits and understand their impact on your financial statements.
- ASU 2023-09 explained. Delve into the new disclosure requirements under Accounting Standards Update (ASU) 2023-09, ”Income Taxes (Topic 740): Improvements to Income Tax Disclosures.”
- State-level nuances. Understand state tax considerations and their implications for recording and measuring deferred tax assets and liabilities.
Learning objectives
After participating in this webinar, attendees should be able to:
- Identify and apply the requirements of Accounting Standards Update (ASU) 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”
- Describe the income tax accounting considerations related to the sale or purchase of energy tax credits
- Identify and quantify deferred taxes for state modifications
Who should attend
C-suite executives, tax directors, VPs of tax, tax executives, business leaders, and business owners
Presenters
Julie Collins, Partner, National Office
Noreen Sherred, Tax
Additional information
For additional information, please contact Trina Tapo.
Continuing professional education
Prerequisites: No
Program level: Basic
Advance preparation: No
Delivery method: Webinar (group internet based)
Field of study: Accounting
This session is recommended for 1.0 hour of CPE credit.
Note: All participants MUST be logged into the webinar INDIVIDUALLY to receive CPE credit. CPE credit will only be granted in the name of the individual logged into the LIVE presentation. Crowe is unable to grant CPE credit for groups viewing the webinar or for viewing on-demand recordings of the webinar.
There is no registration fee for participating in this webinar; therefore, there is no cancellation fee.
