Webcast: Best Practices for Tax Income and Expense Recognition

This course is designed to provide you with a detailed understanding of timing issues under federal income tax law. Time itself creates both advantages and disadvantages when it comes to income and expense recognition. In this course, you'll learn how to maximize "timing" to benefit your clients. You will review historical antecedents, including U.S. Supreme Court cases, as well as current federal tax rules regarding timing of income and expenditures. Learn how cash and accrual methods of accounting have grown toward "mirroring" each other for federal income tax purposes as well as underutilized planning opportunities to defer income or facilitate tax reporting.