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
Mr. DeLau is a co-founder of TaxOps and a boomerang to our business tax advisory mission at TaxOps. Following a promotion to partner at Ernst & Young, he 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. Dela 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).
Ms. 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. She also works with business strategy tax impact analysis, transfer pricing and foreign reporting, M&A due diligence and entity restructuring, making sure the tax pieces fit business goals. Ms. Haskell's role extends to counseling clients under audit and aiding in their efforts to develop corporate tax departments. Prior to TaxOps, she worked in both the public and private sector in corporate income tax provision and compliance. Ms. Haskell spent time at Ernst & Young (EY) handling tax compliance and provisions for corporate, international, federal, and state and local projects. She also worked at Webroot Inc., which was acquired by Carbonite, Inc. in 2019, where she was called on to perform cross-functional compliance and planning integration across tax disciplines.
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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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