CPA - medium firm
CPA - large firm
Enrolled Agent
Taxpayers adopt new accounting methods to implement valuable tax strategies as well as to remove IRS audit exposure. As a potent tax planning tool, accounting methods help taxpayers implement cost segregation studies and energy efficiency incentives, adopt favorable provisions of the Tangible Property Regulations, and numerous other tax minimization strategies.
Accounting methods also help taxpayers correct improper methods to eliminate audit risk. This pragmatic course discusses several popular accounting methods and recent tax rule changes as well as provides instruction on completing and filing Form 3115, Application for Change in Accounting Method.
Learning Objectives:
- Name several popular accounting method changes
- Calculate the §481(a) adjustment required by changes in accounting methods
- Record and file Form 3115, Application for Change in Accounting Method
- Recognize recent tax rule changes and how they apply to accounting methods
Alex Bagne, JD, CPA, MBA, CCSP
ICS Tax
President
[email protected]
(216) 870-0742
Alex is the President of ICS Tax, LLC (ICS). His expertise includes fixed asset reviews, cost segregation, the 179D and 45L energy efficiency incentives, accounting methods, research tax credits, and IC-DISC export incentives. His specialized planning ideas has saved his clients millions in tax dollars.
Alex earned a BSBA in accounting from The Ohio State University, a Master of Business Administration from the University of Minnesota, and a law degree from the Tulane School of Law in New Orleans, Louisiana. Alex is a licensed attorney as well as a certified public accountant. He is a Certified Cost Segregation Professional and served as the president of the American Society of Cost Segregation Professionals (ASCSP).
About Our Presenter
ICS Tax, LLC (ICS) is a consulting firm providing innovative tax planning strategies. ICS performs free preliminary analyses for all service lines while capping fees to guarantee outstanding returns. With its headquarters in Minneapolis, Minnesota and offices throughout the United States, ICS provides service nationwide. We combine top talent and a multidisciplinary approach to assist with Energy Efficiency Incentives (179D/45L), Comprehensive Fixed Asset Reviews, Research & Development Tax Credits, Cost Segregation Studies, IC-DISC Export Incentives, Like-Kind Exchanges (1031), Accounting Methods, and Utility Rebates. With the knowledge of CPAs, engineers and architects, attorneys, HERS raters, and LEED Accredited Professionals, ICS provides fully-developed and complete solutions tailored for each client.
- CPE Credits
- Support and FAQs
- Terms and Conditions
- Privacy Policy
- CPAwebengage, Inc.