About the Course
Introduction
This course will analyze various components of accounting for income taxes that can be traps for the unwary, including specific business combination issues, valuation allowance assessments, tax internal controls, and implications of the recently enacted One Big Beautiful Bill Act (OBBBA) modifications.
Description
ASC 740 provides a methodology for recognizing current taxes payable and refundable and recording expected deferred tax obligations and refunds. Few areas of financial reporting are more complex. OBBBA, as well as updates made by ASU 2023-09, Improvements to Income Tax Disclosures, require accountants to take a fresh look at these complex areas and their implications for income tax provision calculations.
Listen as our panel of accounting experts provides practical advice and hands-on examples of calculations and the financial presentation of these continually revised tax provisions.
Presented By
Lindsay Haskell has more than 15 years of public and private accounting experience in corporate, income tax provision and compliance as well as indirect tax experience. As a main point of contact in client matters, directing client workflows and relationships, Ms. Haskell's energy and tenacity are aimed at doing what is best for clients, which includes dynamic companies worldwide. Clients appreciate her deep subject matter expertise, hands-on attention to detail, and straightforward answers.
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BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.
Date + Time
- event
Thursday, February 5, 2026
- schedule
1:00 p.m. ET./10:00 a.m. PT
I. Implications of recent U.S. tax law changes
II. Complexities in business combinations
III. Valuation allowance considerations
IV. Tax internal control considerations
V. Financial statement presentation and other FASB updates
VI. Best practices
The panel will review these and other critical issues:
- Accounting for modifications in OBBBA
- Accounting Standards Update (ASU) 2023-09
- Tax accounting for goodwill in a business combination
- Valuation allowance issues in business combinations
- Tax internal control best practices
Learning Objectives
After completing this course, you will be able to:
- Identify complex areas with business combination tax accounting
- Understand best practices for tax internal controls
- Recognize the appropriate tax accounting for investments in partnerships
- Understand potential impacts to tax disclosure requirements
- Field of Study: Accounting
- Level of Knowledge: Intermediate
- Advance Preparation: None
- Teaching Method: Seminar/Lecture
- Delivery Method: Group-Internet (via computer)
- Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
- Prerequisite:
Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of estate, gift and trust taxation including various trusts types, the unified credit, and portability.
BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.
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