Event Description
We are pleased to bring you a year-end income tax roundup, hosted by Crowe and TEI Chicago. The training will occur from 12-3PM CST with lunch served.
As year-end 2022 approaches and Congress continues to refine the tax “extenders” package, the onslaught of regulations and global legislation means that many corporate tax departments are tasked with accomplishing more and more, often in a shorter timeframe. What tax accounting and financial reporting matters may be important for your company as we approach year-end close?
Crowe will facilitate a session covering recent developments in income tax matters and tax accounting to help you plan for year-end. The session will wrap-up with an “open mic” Q&A session to ask Crowe’s presenters.
12:00-12:30 Lunch
12:30-12:40 Welcome and Introductions
12:40-1:45 Part 1: New Tax Legislation – Financial Reporting & Compliance Considerations
2:00-3:00 Part II: Preparation for 2022 Financial Reporting
3:00-3:30 “Ask the Experts” and Conclusion
Topics To Be Discussed:
- Financial Reporting Implications of the Inflation Reduction Act
- Creditability and the New Foreign Tax Credit Regulations
- Prospects for a Quiet Year-End - 11th Hour Extenders & Technical Corrections
- News From Norwalk – Status of FASB Projects and Other Developments
- Disclosures/Sensitive Financial Reporting Tax Matters
- Income Tax “Controls” Developments
- Update on IRC Section 174 Expense Allowance and Financial Statement Impact