Inventory & Cost of Goods Sold

Inventroy copy.jpg
Inventroy copy.jpg

Inventory & Cost of Goods Sold

119.00

No CE Credit is offered for self-study products

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Cost of goods sold is often the second largest item on a tax return.  This webinar will present the key concepts that your tax courses likely ignored, including:

  • What is inventory, and who must account for it under tax rules?
  • Costs that must be capitalized
  • Associating costs with goods (costing methods)
  • Identification of which goods were sold (inventory methods)
  • Valuing inventory; write-downs
  • Additional Section 263A costs and simplified methods
  • Changing inventory methods

No CE Credit is offered for self-study products

Stephen C. Fox, CPA, advises clients, including CPA firms and business entities, on international tax matters.  Steve is a Certified Public Accountant and Certified Management Accountant with over 30 years tax experience, primarily in international tax. Mr. Fox has advised clients in a wide array of industries on international structuring, foreign tax credit issues, intercompany pricing, Subpart F, international assignee's, DISCs, Section 199, and inbound issues.  Steve is the author of "Income Tax in the U.S.A."  You can order this book online

Networking Seminars Inc. is producing this event for information purposes only. We do not intend to provide or offer business advice. The contents of this event are based upon the opinions of our speakers.  The statements made by them are based on their independent opinions and does not necessarily reflect that of Networking Seminars Inc. In no event shall Networking Seminars be liable to any person or business entity for any special, direct, indirect, punitive, incidental or consequential damages as a result of any information gathered from this webinar.