Live: One Dial-in One Attendee
Corporate Live: Any number of participants
Recorded: Access recorded version, only for one participant unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)
Corporate Recorded: Access recorded version, Any number of participants unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)
This webinar is the deepest dive into cost of goods so yet. We will be looking at all the major issues involved in determining cost of goods sold such as IRC 263A UNICAP rules, and inventory valuations.
We will also look at the new change of accounting methods available under the Tax Cuts and Jobs Act along with different accounting methods people can use that related to Cost of Goods Sold in order to help clients reduce taxable income.
This webinar will look specifically at IRC 263A Unicap rules along with how to calculate these adjustments and what documentation is needed to properly calculate these.
In addition, we will look at the many different types of inventory valuation methods that a client can use.We will also discuss what occurs when inventory is written down.
Why should you Attend: Cost of Goods Sold has seen major changes under the Tax Cuts and Jobs Act. These changes generally revolve around IRC 263A and the UNICAP rules being exempt for certain taxpayers.
This webinar will go into to IRC 263A and the new change of accounting methods that a taxpayer can do to help avoid these complex rules.
In addition, cost of goods sold is one of the first concepts accounting students learn. However, it can be one of the most difficult, when figuring out things such as inventory valuations, write-downs and other inventory adjustments.
We will be looking at a deep dive into the entire plethoda of cost of goods sold issues that taxpayers can face.
Areas Covered in the Session: