ACCOUNTING FOR INCOME TAXES
MAY 18, 2015 - NEW YORK

Networking Seminars and BDO USA LLP invite you to laern the latest developments on ASC740!  This seminar will discuss the ASC 740 FASB proposals, country specific developments, U.S. anti-inversion measures, U.S. IP migration structures, foreign currency translations under ASC 830 and deferred tax effects from intercompany loans and purchase price adjustments and much more.  This seminar is for corporate accounting, tax and finance executives, tax specialists and Certified Public Accountants.  There is no prerequisite or advance preparation for this basic level, group live seminar.  

Earn 8 CPE/CLE Credits  (Accounting & Audit Credits)

MONDAY, MAY 18, 2015

Conference Chairman: Yosef Barbut – BDO National Tax Partner ASC 740 Services

8:00 AM Registration & Continental Breakfast

8:30 AM Welcoming Remarks and Speakers Introduction

9:00 AM Overview Standard Setting & Regulatory Developments

  • ASC 740 FASB proposals status
  • SEC enforcement activity review
  • PCAOB inspection work review
  • Practice issues

Yosef Barbut – BDO National Tax Partner ASC 740 Services

9:30 AM Overview Significant International Law Developments and Tax Accounting Implications

  • Country specific developments (China, India, UK, Europe)
  • US anti-inversion measures 
  • US IP migration structures
  • Tax Accounting Implications

Yosef Barbut – BDO National Tax Partner ASC 740 Services
Bob Pedersen – BDO International Tax Partner & International Tax Services Leader
Steve Arber – BDO International Tax Senior Manager
Sean Dokko – BDO International Tax Senior manager
Ingo Harre – BDO Germany International Tax Manager

10:50 AM Refreshment Break

11:00 AM Overview of Transfer Pricing Developments and Tax Accounting Implications

  • Base Erosion Profit Shifting (BEPS)
  • Country by Country Reporting (CBC)
  • Master File & Local File
  • State & local transfer pricing
  • Tax Accounting Implications

Steve Arber – BDO International Tax Senior Manager
Michiko Hamada Haney – BDO Transfer Pricing Senior Director
Yosef Barbut – BDO National Tax Partner ASC 740 Services

12:30 PM LUNCHEON

1:15 PM Income Tax Accounting for International Operations

  • Investments in subsidiaries, joint ventures , equity method  investee, partnerships
  • Tax accounting model for variable interest or check-the-box entities (branches)Recent issues with indefinite reinvestment assertions(ASC 740-30 or APB 23)
  • Foreign currency translations under ASC 830 and deferred tax effects  from intercompany loans and purchase price adjustments
  • Foreign currency gains (losses) under ASC 830 and deferred tax effects from section 988 gains (losses)

Steve Arber – BDO International Tax Senior Manager
Ingo Harre – BDO Germany International Tax Manager  
Yosef Barbut – BDO National Tax Partner ASC 740 Services

2:15 PM Refreshment Break

2:30 PM Valuation Allowance

  • The “more likely than not” realizability threshold 
  • Four sources of income
  • Weighing of all available evidence vs. "bright line" indicators
  • Intraperiod allocation complexities
  • Tax footnote disclosure

Maureen McGetrick – BDO Core Service Tax Partner
Ingo Harre – BDO Germany International Tax Manager
Yosef Barbut – BDO National Tax Partner ASC 740 Services

3:45 PM Implications from Deferred Tax Liabilities Related to Indefinite-Lived Assets of “Naked Credits”  

  • Naked credit effects
  • Income statement and balance sheet consequences
  • Source of income for any indefinite-lived DTAs
  • PCC goodwill accounting alterative

Yosef Barbut – BDO National Tax Partner ASC 740 Services
Steve Arber – BDO International Tax Senior Manager
Ingo Harre – BDO Germany International Tax Manager

4:20 PM Refreshment Break

4:30 PM Accounting Implications from the Tangible Property “Repair” Regulations  

  • Key provisions covered by the Regulations
  • The de minims expensing “safe harbor” rule
  • Tax compliance implications (Forms 3115s, others)
  • Financial reporting implications from the Regulations’ tax elections and accounting method changes

Yosef Barbut – BDO National Tax Partner ASC 740 Services 
Steve Arber – BDO International Tax Senior Manager


5:30 – 7:00 PM Cocktail Reception 

CONFERENCE LOCATION

BDO Conference Room
100 Park Ave.,
New York, NY 10017

Hotel accommodations are at your discretion, we suggest:

Grand Hyatt
109 E 42nd St.
New York, NY 10017
212-883-1234

 

 

Conference Sponsor

BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, financial advisory and consulting services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals.  The firm serves clients through 58 offices and more than 400 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of 1,328 offices in 152 countries.   

BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: www.bdo.com.