Becoming a Tax Ninja: Tax Accounting Methods Part 1 (Completed)
Date: Monday, April 20, 2026
Instructor: Greg White
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
|
NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
This is a hands-on approach to unleashing large deductions for your clients, and helping your clients avoid significant tax risks before they mushroom into major tax issues. Buried deep in the Internal Revenue Code are the mysteries of accounting methods. These have traditionally been to exclusive province of only large accounting firms; you can bring this critical tax tool to your clients. We’ll cover the big issues, and how to make these changes with hands-on, real-life examples and filled-out Forms 3115.
Topics Covered
- Accounting method rules and the statute of limitations
- The "four-year" spread for "positive" accounting method adjustments
- Distinguishing between elections and accounting method changes
Learning Objectives
- Recognize whether the accounting method rules override the statute of limitations
- Recognize how to compute the "four-year" spread for "positive" accounting method adjustments
- Identify "automatic" accounting method changes
- Recognize how to compute section 481(a) adjustments
- Identify how this can result in large current write-offs
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
