Need Help? Call us at (281) 541-2807 Visit our Facebook Page Follow us on Twitter Subscribe to our RSS Feeds

ASC 740: Accounting for Uncertain Tax Positions for Nonprofits

presented by Lorman Education Services
View the Lorman Education Services Profile and Course Listings

Summary

ASC 740: Accounting for Uncertain Tax Positions for Nonprofits

Workshop Description/Agenda

Benefits
Gain a better understanding of reporting requirements and how to identify tax positions that can create uncertainty. With complexities that surround tax law and the potential for significant changes in tax law, notforprofit companies can often have a difficult time in identifying when an uncertain tax position arises and then properly measuring and recognizing any tax benefit from the uncertain tax position. This topic will help those in the notforprofit realm receive an indepth understanding ASC 740 to determine the proper accounting treatment of uncertain tax positions. The information also explains first how to identify an uncertain tax position and then how to properly measure, record and disclose the uncertain tax position in a notforprofit's financial statement.

Agenda
Identifying Uncertain Tax Position • Decision Not to File and Decision to Classify as Tax Exempt • Allocations and Shifts of Income Between Jurisdictions • Characterization of Income • Entity Status/Misc. Tax Positions Determine When to Recognize Tax Benefits for Financial Reporting Purposes • General Rules • Changes in Recognition in Subsequent Periods Measuring the Tax Benefit • General Rules • Changes in Recognition in Subsequent Periods Disclosing Tax Benefits From Uncertain Tax Positions

Faculty
Nicholas Preusch with PBMares, LLP

Credits
CPE ,Additional credit may be available upon request.

Who Should Attend

This live webinar is designed for accountants, executive directors, officers, controllers, CFOs, tax professionals, bookkeepers, presidents and vice presidents.

Additional Information

Training Provider: Lorman Education Services

Course Topics: Law Training > Nonprofit/Exempt

Training Course Summary: ASC 740: Accounting for Uncertain Tax Positions for Nonprofits


Find Similar Training Find Similar Training
Email This Training's Information Email This Page

On-Demand Webinar Details

Recorded on 8/20/2018