Critical Tax Issues and Planning for Accounting Periods, Methods, Related Party (CTIP16)
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When: 9/29/2016
8:30 AM until 4:30 PM
Where: LCPA - Training Facility
2400 Veterans Memorial Blvd
Suite 500
Kenner, Louisiana 
United States
Presenter: John Evanich

Online registration is closed.
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Acronym CTIP16
CPE 8 hours
Vendor Surgent McCoy CPE
Level Intermediate
Prerequisite Basic familiarity with tax rules relating to individual taxation
Adv Prep None
Who should attend

CPAs who need to recognize the many issues and problems involving taxable years, various elections, and accounting method options. This course is a must for CPAs working in the tax arena.

Registration Early Bird
(through 9/14)
(after 9/14)
Member $289 $339
CPA Non-Member $389 $439

The Member rate applies to LCPA members, reciprocal state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.


This course explores in-depth problems and solutions relating to accounting periods and methods under the internal revenue code. This course will also cover the special rules that apply to transactions between related parties.


  • Understand the tax considerations relating to the selection of an annual accounting period, when an accounting period must be changed, and when such choice is limited and alternatives that may be available.
  • Explain the differing tax effects of the tax effects of cash, accrual and installment accounting methods, with an emphasis how the timing of income and deductions are determined as well as items that require a specific accounting method.
  • Determine when an accounting method must be or may be changed, how to obtain the permission of the commissioner to do so, the adjustments that must be made and how the change is reported. 


  • Accounting periods: when you get a choice, and when you don’t, for business entities
  • Cash, accrual, percentage of completion, completed contracts, and hybrid methods: how they work, when they can be used, when they can’t be used, and special exceptions
  • General principles: constructive receipt, economic benefit, and economic performance
  • Advanced payments and receipt issues, including gift cards, prepayments, warranties, and recent regulations
  • Special methods of accounting: capitalization and depreciation
  • Changing methods of accounting and accounting periods: annualization, Form 3115, and §481(a) adjustments
  • Recognizing loss and deductions that are limited in various related party transactions