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Tax Accounting for Inventories

DeliveryType:  Video Webcast
    Select Date & Time:
  • $99.00-$129.00
    Tax Accounting for Inventories 01:00 pm - 03:00 pm ET Product #: VTAI013
    Add to Calendar 11/09/2017 13:00:00 11/09/2017 15:00:00 America/New_York AICPA Webcast: Tax Accounting for Inventories
    This webcast details methods of valuing inventory, including special rules for dealing with LIFO inventory along with the effect of shrinkage and market.
    Register at http://www.aicpastore.com//PRD~PC-VTAI/PC-VTAI.jsp AICPA noreply@aicpastore.com false MM/DD/YYYY AICPA WebEvent aiEQlNoFjzFNtMgVwmLn20911
    AICPA Member: $99.00
    Non-Member: $129.00

This webcast is part of the Tax Staff Essentials program.

This webcast details methods of valuing inventory, including special rules for dealing with LIFO inventory. The instructor will also discuss the effect of shrinkage and market. Additionally, you will learn about proposals to prohibit LCM and subnormal goods methods that include wash-sale goods.

Topics Discussed

  • 263A 2.0
  • FIFO, LIFO, average
  • Lower of cost or market

Learning Objectives

When you complete this webcast you will be able to:

  • Explain the allowable inventory valuation methods for tax purposes and how to choose the most beneficial in various scenarios
  • Estimate the tax value of ending inventory under the chosen method
  • Calculate the resulting tax adjustment to book income as applicable

Important Information on Your CPE Credit

Discounts

Group Viewing Option

Gather the team together and attend this webcast as a group. Each attendee will earn CPE Credit. Enter the number of attendees in the quantity box above.

Number of Attendees Non-Member Member

1 - 4

$129 $99

5 - 9

$115 $89

10 - 20

$109 $85

21 +

$105 $79

Your order confirmation will include an instruction document for group viewing and earning CPE credit (please review prior to the start of the event) and information on how to access the webcast.

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Speaker Bio

J. William Harden, Ph.D., CPA, ChFC
University of NC Greensboro / Greensboro, NC

Bill is an Associate Professor in the Bryan School of Business and Economics at UNC Greensboro where he teaches tax courses on flow-through entities, individual and corporate tax, tax research, IRS practices and ethics. Bill has over twenty years of experience in taxation. He began his public accounting career in 1990 in the Dallas office of one of the Big Six accounting firms. In addition to his university teaching, Bill consults on tax and financial planning issues and maintains a sole practice in North Carolina, focusing on taxation and financial consulting for small businesses and individuals.

Bill has testified before the House Ways and Means Oversight Sub-Committee on internet taxation issues. He was the recipient of a Lybrand Certificate of Merit in 2002. Bill has been involved in CPE instruction for over a decade. He was the author of the AICPA’s tax update courses from 2007 through 2012 and received AICPA instructor awards in 2011, 2012 and 2013. Bill also received NCACPA outstanding instructor awards in 2009, 2010 and 2011.

Bill has authored over 30 publications in tax accounting and financial planning journals, including the Journal of Financial Service Professionals, Strategic Finance, National Tax Journal, Journal of Business Finance and Accounting, Tax Notes, Tax Advisor, Journal of the American Society of CLU and ChFC. Mr. Harden is currently a member of the American Accounting Association, the American Taxation Association, the National Tax Association, the AICPA, and the North Carolina Association of CPAs. He is a past board member of the Piedmont Chapter of the NCACPA.

Kevin M. Krantz, CPA
McManamon & Co., LLC / Westlake, Ohio

Mr. Krantz has been the Director of Tax Services at McManamon & Co., LLC since November, 2005. For 15 years prior to that he worked for northeast Ohio regional CPA firms providing a variety of tax services to their clients.; He specializes in developing tax savings strategies for closely held businesses and their owners.

Kevin graduated from the University of Akron with a Bachelors of Science in Accounting in 1986 and returned to complete his Masters of Taxation in 1995. He has been a CPA in Ohio since 1988. Kevin is a published author with articles appearing in The Tax Advisor, National Health Advisor, among others.

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