Tax Reform: Accounting Methods Hot Topic

Date: Tuesday, September 11, 2018
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter: Eric Lucas, LLP, principal-in-charge, KPMG
Moderator:
Learning Objectives:
As a result of the recent tax reform, this session will explore accounting methods and transactional opportunities as a result of the corporate rate change.
Field of Study: Taxes
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
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Course Description

This session will explore accounting methods and transactional opportunities as a result of the corporate rate change, as well as accounting method issues to consider under revised interest limitation rules under section 163(j), the BEAT tax, earning and profits under the repatriation tax, revenue recognition under 451(b) and ASC 606, meals and entertainment changes, and other topics

Presenter and Moderator Bios

Presenter: Eric Lucas, LLP, principal-in-charge, KPMG

Eric Lucas is the principal-in-charge of the Income Tax and Accounting group in KPMG?s Washington National Tax practice. Eric?s practice focuses on the emerging issues associated with the tangible property regulations, inventories, cost recovery and many other matters involving methods of accounting and general tax principles. Prior to joining KPMG, Eric was with the U.S. Department of the Treasury?s Office of the Tax Legislative Counsel, where he served as an attorney advisor. In this role, Eric was a member of the working group that revised the tangible property regulations under section 263(a) in response to practitioner and taxpayer comments. The working groups included a number of key government officials from the IRS Office of Chief Counsel (for example, fixed asset specialists) and the IRS Commissioner?s office. In addition to focusing on the tangible property regulations, Eric worked with IRS personnel in crafting guidance on a number of difficult accounting methods issues, including the section 263A regulations for sales based royalties and negative amounts, the section 381 regulations, long- term contracts (percentage of completion), business credits, and general domestic tax issues. Eric has over 17 years (including three years with the Treasury Department) of professional experience that includes positions with the IRS Chief Counsel?s Income Tax and Accounting Division and the accounting methods practices of the Big Four accounting firms.

Cost
Free for NSAC Members / $56.00 for Non-Members

Delivery System

  • All programs are delivered using the Zoom platform.
  • Confirmations will include log-in instructions.
  • Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
  • All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
  • There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.

What is NSAC's Cooperative Learning Network?
The NSAC Cooperative Learning Network is a live, interactive webinar, and you can attend from any location with internet and/or telephone access. NSAC members can attend an unlimited number of CLNs at no charge!

Each Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. CLNs typically include a Q&A session where participants can ask questions live or by chat. No advance preparation or prerequisites are required, unless otherwise stated in the course information. Attendees are able to download copies of the slides and/or handouts and are provided a link to view the recording (unless the description states the session will not be recorded). These tools help continue your learning experience after the session.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor (#103068) of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Delivery Method: Group-Internet Based.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a course designed to easily fit into your busy schedule.

Convenient.
No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk, device or conference room.

Easy.
A device with an Internet connection is all you need. If your device does not have sound capabilities, the ability to dial in from a telephone is available.

Ideal for multiple attendees.
Use a speakerphone and projector/monitor and invite as many people as you want to participate - at no extra cost to you.

Affordable.
NSAC Cooperative Learning Networks are free for members and available to non members at a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.