November 29, 2023


8 Total CPE Credits


Webinar (CA): Timing Rules for Income Tax Compliance and Planning 2023

  • Instructor

    Annette Nellen

Learning Objectives

• Understand the importance of tax accounting methods in financial reporting, tax compliance and planning
• Understand how to identify "small businesses" including the application of the rules on tax shelters and aggregation of gross receipts, and the favorable methods available to small businesses
• Determine when both cash and accrual method taxpayers report income and claim deductions, and add amounts to basis of assets
• Distinguish between method changes, changes in facts and errors; learn how to make a method change
• Understand the special rules for inventory
• Identify when interest capitalization and long-term contract accounting may apply
• Identify accounting method differences between federal and California and how to manage them

Major Topics

• What is a method of accounting, and why is the answer important?
• How to select and adopt a method of accounting
• When can income be reported for both cash and accrual method businesses?
• When are expenses to be reported for cash and accrual method businesses?
• How and when to account for inventory
• How and when to change a method of accounting
• Avoiding accounting method problems
• California-Federal timing differences
• Relevance of timing rules to the income tax provision for financial reporting

CPE Credits Available

Total CPE

Things to Know About This Course

Course Level

  • Basic



Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

CPAs, attorneys and tax professionals.


California CPA Education Foundation

Register For This Event

  • COCPA Member

    $ 299 299
  • COCPA Non-Member

    $ 399 399
    Your Price

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