A two-day entry level course on basic tax accounting principles and concepts for accountants, attorneys, enrolled agents and other tax practitioners

Benefits of Attending

• Understand the basic T accounts and journal entries for recording current and deferred tax adjustments
• Obtain a better understanding of how the basic accounting rules apply in making tax adjustments for deferred tax assets (DTA) and
  deferred tax liabilities (DTL)
• Understand the scope of the application of the FAS #109 rules to state and foreign income taxes
• Learn how to identify and record permanent and temporary tax adjustments
• Discover how, when and why valuation adjustments are made to tax accounts
• Workshop sessions include 4 in-class exercises (and answers)!
• All paid attendees receive a calculator

Educational Course Credit — Up to 14 CPE / CLE Credits Available

Substitutions/Cancellations

Cancellations received more than 72 business hours prior to the meeting will be issued a credit. A $350 fee will apply to cancellations received within 72 business hours of the event. No credit card or cash refunds will be issued at any time. For more information regarding administrative policies, such as complaints and refunds, please contact us at 1-914-328-5656, or e-mail info@citeusa.org. Credits will not be issued for "no shows"

Day One

8:00 am Registration and Continental Breakfast

8:30 am Understanding the FAS 109 Tax Accounting Rules

• Fundamentals and basic principles of FAS#109
   
• Templates for recording tax adjustments
   
• Journal Entries – making debit/credit entries
   
• Using T Accounts for recording tax adjustments
   
• Application to foreign and state income taxes
  

10:15 am Break for Refreshments

10:30 am Identifying Taxable Differences

• Permanent Differences
   
• Temporary Differences
   
• Recognizing future tax consequences in financial statements
  

12:15 pm LUNCHEON

1:30 pm Accounting for Deferred Tax Assets and Liabilities

• Accounting for Deferred Tax Liabilities
   
• Accounting for Deferred Tax Assets
   
• Financial Statement Disclosure

3:00 pm Break for Refreshments

3:15 pm Discussion of Day 1 Topics - Test #1

• Comprehensive Application – Exercise #1
  

5:00 pm Meeting Adjourns for the Day

Day Two

8:00 am Continental Breakfast

8:30 am Treatment of New Tax Legislation and Tax Rate Changes

• Tax rate changes and affect of new tax legislation
   
• Comprehensive Application – Exercise #2
  

10:15 am Break for Refreshments

10:30 am Treatment of Net Operating Losses

• NOLs and Deferred Tax Benefits
   
• Comprehensive Application – Exercise #3
  

12:15 pm LUNCHEON

1:15 pm Understanding the Valuation Allowance

• Establishing Valuation Allowances
• Comprehensive Application – Exercise #4

3:00 pm Meeting Ends

CITE Conference Registration - Page 1

There are 3 ways to register for a CITE Conference:

1. Complete this form and fax Page 2 to 914-328-5757
2. Call us directly at 914-328-5656
3. Complete the online registration process

Please note that automatic price calculations will occur upon proceeding to page 2