If you're like most taxpayers, you may not understand the importance of determining when and how to report income and expenses for tax purposes. Reporting income and expenses in the proper period can generate valuable cash savings and avoid potential conflict with the IRS. Join us to learn more about recent developments in the area of accounting methods and periods, and learn what you should be doing to assure you're making the most of your revenue and expense recognition methods.
- Outline the ins and outs of accounting methods and periods
- Discuss current trends and developments and opportunities
- Review the process and requirements for adopting and changing of accounting methods applications
Presenters: Andrea Mouw and Sid Kommuru
Andrea Mouw, JD, Principal
Andrea has more than 11 years of tax experience including federal, state, and international tax issues. She provides technical analysis and assists clients in resolving accounting method issues related to income and expense recognition, capitalization, cost recovery and inventories, including identifying and adopting appropriate accounting methods and filing accounting method change requests (Form 3115). Andrea also provides guidance regarding the Section 199 domestic manufacturing deduction and is familiar with the rules regarding the taxation of financial products and alternative investments.
Sid Kommuru, CPA, Manager
Sid has more than six years of experience with time spent in both the tax compliance and tax consulting world. His experiences in tax consulting have revolved around identifying and adopting appropriate accounting methods. His specialties include UNICAP, repairs and maintenance reviews, and preparation of Form 3115 filings. He is also experienced in pass-through entity returns for Partnerships, LLCs and S Corporations.
Start Time: 10:15 AM
End Time: 11:15 AM
CPE Hour: 1
These are live-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 701.476.8773.