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Don Farmer's 2024 Other Recent Changes

 Currently available
 
1.5
25 / S-412
Registration is Open
Price
$67.50 Regular Registration
Designed For:

Tax professionals

Prerequisite:

None

Join us for an in-depth exploration of the latest tax developments impacting corporate and business taxation. The Other Recent Changes seminar is designed to keep accounting professionals informed and prepared for evolving IRS regulations. Topics include updates on §174 R&E expense capitalization, automatic accounting method changes, employee retention credit (ERC) compliance, and new IRS guidance on long-term contracts and cost-sharing regulations. Led by top tax experts, this session will provide actionable insights, best practices, and compliance strategies to help you navigate these complex changes with confidence. Don't miss this opportunity to stay informed and proactive in the ever-changing tax landscape!

Delivery Method: On-Demand
CPE Credit: Taxes
Program Level: Update

 

Objectives

Learning Objectives

  • Understand the new IRS guidance on §174 research & experimental (R&E) expense capitalization and the procedures for automatic accounting method changes.
  • Identify the requirements for capitalizing and amortizing specified research or experimental (SRE) expenditures under the Tax Cuts and Jobs Act (TCJA).
  • Learn the IRS procedures for making accounting method changes, including the use of Form 3115 and the impact of Rev. Proc. 2023-11.
  • Recognize key updates and compliance requirements related to Employee Retention Credit (ERC), including penalty relief, fraudulent claims, and IRS disallowances.
  • Analyze new IRS guidance on cost-sharing arrangements and long-term contract accounting under §§174, 460, and 482.
  • Review the practitioner’s responsibilities when handling ERC claims and the ethical considerations when working with third-party-prepared ERC studies.
  • Understand the statute of limitations on ERC claims and the appeals process for ERC disallowances, including IRS Letter 105-C.

    • Speakers

    Advanced Preparation

    None

    Vendor

    The Virginia Society of CPAs (VSCPA) 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 credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

    For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.