Accounting for Income Taxes Workshop
Date & Time
Wednesday, November 9, 2022, 1:00 PM - 4:45 PM
Tony Welburn Anita Goebel Sarah Gleason Mike George Tyler Tellesbo

Another year is behind us with continued changes in tax legislation, accounting guidance, and SEC oversight.  Join your KPMG instructors who will once again provide a refresher on selective common areas of accounting for income tax considerations impacted by the ever evolving legislative and regulatory environment.  The session will explore the impact of recently enacted tax legislation, such as the Inflation Reduction Act, as well as legislative developments from the last few years with current year impact (including mandatory R&D  expenditure capitalization, and limitations on executive compensation and interest expense).  In addition the group will do a deep dive into the GAAP rules for proportional amortization of investments in Low Income Housing Tax Credits, and the FASB’s Proposed Accounting Standards Update to expand that guidance to additional credits.  The session will close out with a review of recent SEC Comments Letters on tax issues.

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