• videocam On-Demand Webinar
  • signal_cellular_alt Intermediate
  • card_travel Accounting
  • schedule 110 minutes

Accounting for Income Taxes ASC 740: OBBBA Implications, Business Combinations, Valuation Allowances

$197.00

This course is $0 with these passes:

CPE
ALL
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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

Daniel DeLau
Co-founder, Corporate Tax Advisor
TaxOps

Following a promotion to partner at Ernst & Young, Mr. DeLau co-founded TaxOps to bring all the best of the big firm knowledge to businesses without the bureaucracy. He gained significant experience in international and domestic accounting and tax transactions within a U.S. corporate environment working for international accounting firms, and as tax director of multiple public and private companies, each with extensive and complex operations throughout the United States and internationally. Mr. DeLau worked as the U.S. tax director for a Fortune 100 company based in Lausanne, Switzerland, and continues to consult on tax and accounting issues with various clients. He has significant experience and background in accounting for income tax (ASC 740).

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Lindsay Haskell
Partner, Corporate Tax
TaxOps

Ms. Haskell has more than 15 years of experience in both public and private accounting, with a focus on corporate income tax provision and compliance, as well as international and state and local tax. She serves as a primary point of contact for clients, leading workflows and managing relationships for dynamic companies worldwide. Ms. Haskell also advises on the tax implications of business strategy, including tax transfer pricing, foreign reporting, M&A due diligence, and entity restructuring–ensuring tax considerations align with broader business objectives. She regularly supports clients through audits and assists in building and enhancing corporate tax departments.

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Credit Information

  • 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.

BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .