Webcast: Using Form 3115 to Implement Tax Method of Accounting Changes (XSCACM17)
Tell a Friend About This EventTell a Friend
 

This program discusses how a taxpayer can change a method of accounting generally, and focuses on how to complete Form 3115 in order to make an accounting method change.

 Export to Your Calendar 6/27/2017
When: 06/27/2017
12:00 PM until 2:00 PM
Where: Webcast
Surgent
CACM-2017-01-WEBNR-178-19
United States
Presenter: Mike Tucker, Ph.D., LL.M., J.D., CPA


Online registration is closed.
« Go to Upcoming Event List  

AcronymXSCACM17
CPE2 hours
VendorSurgent
Category
Taxation
LevelIntermediate
PrerequisiteBasic understanding of the tax rules dealing with individual and business income taxation
Adv PrepNone
Yellow Book?No
Designed forAny tax practitioner who wishes to understand the tax rules relating to accounting method changes
Registration
Member$89
CPA Non-Member$114

The Member rate applies to LCPA members, other 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.

Course Description

This program discusses how a taxpayer can change a method of accounting generally, and focuses on how to complete Form 3115 in order to make an accounting method change.

Objectives

  • Determine if an accounting method change can be implemented automatically or whether it will require the IRS's consent to implement
  • Complete the Form 3115

Topics

  • What is a method of accounting?
  • What is an accounting method change?
  • The difference between automatic and non-automatic changes in a taxpayer’s method of accounting
  • How to prepare and what to disclose on the Form 3115
  • Impact of an IRS examination on the taxpayer's ability to make accounting method changes
  • Calculating and reporting a Section 481(a) adjustment