Tax Impact of a Change in Accounting Method

$60 – Members (with member discount code)
$75 – Non-Members
(Join VASEA for $85 to get member rates on webinars & more! Copy/paste this link in your browser: https://vasea.wildapricot.org/join-us )
NOTE: Members must use member discount code at time of registration to receive member rates. Enter coupon code on payment screen. Do not pay full amount & request refund. A $25 administrative fee will be deducted in those cases.

PROGRAM DESCRIPTION: Tax Impact of a Change in Accounting Method
IRs Program: QSRNU-T-00611-23-O

A taxpayer's method of accounting must clearly reflect income and be used consistently from year to year. Once adopted, a method of accounting cannot be changed without approval from the IRS; consequently, sound advice from a professional is vital to clients. This course reviews and defines the most common changes in accounting method, providing practitioners with the knowledge they need to properly advise their clients. Though detailed examples (complete with filled-in forms) attendees will learn how to properly complete Form 3115, which items are necessary and those that should be skipped, how to calculate and present IRC §481(a) adjustments, the required attachments under the latest revenue procedure, and recently revised filing instructions.

Learning Objectives:
- Identify when a change in accounting method is needed
- Learn where to find the filing requirements for Form 3115
- Understand how to calculate the §481(a) adjustment
- Learn when Form 3115 can be filed – the answer will surprise you!

Prerequisites: General understanding of tax accounting methods
Program Level: Intermediate

ABOUT THE PRESENTER
Mark Seid, EA CPA USTCP specializes in small businesses tax advisory, compliance and tax controversy. A National Tax Practice Institute graduate, Mark is admitted to practice before the U.S. Tax Court. He has served as an Internal Revenue Agent with the IRS in San Jose and San Luis Obispo, California, a state director for the California Society of Enrolled Agents, and the chair for the society’s Finance and Budget committee. He regularly presents courses throughout the United States and internationally to tax professionals on issues affecting small businesses.

REFUND POLICY
Refunds will be honored if written notification is received at the Administrative Office within 5 business days of the webinar. A processing fee of $25 will be deducted from the refund. Cancellations within 5 business days of the webinar will not be accepted. Substitutions are allowed if received 48-hours prior to the start of the webinar. "No shows" forfeit their fees.

CANCELLATION
VASEA reserves the right to cancel any program or course for circumstances that are not under direct control of VASEA. If a course or program is cancelled, registrants will be notified via email at the address listed on their registration form.

COMPLAINT RESOLUTION
For more information regarding refund, cancellation and complaint policies, please contact VASEA Administrator, Heather Greenwell at admin@vasea.org or call (804) 723-5888.

Virginia Society of Enrolled Agents 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: www.nasbaregistry.org.

Questions
Contact Heather Greenwell, CAE, VASEA Administrator, at (804) 723-5888.