REGISTER HERE FOR COMPLIMENTARY WEBINAR

Join us for a CPE webinar on §174 Legislative Update and 2023 Recap. Participants will gain an understanding of any current legislative updates, any new regulations or sub regulatory guidance, and best practices for advising clients on tax accounting changes involving depreciation, the ERTC, R&D costs, and the §163(j) business interest deduction limit.

DATE: Friday, February 9th, 2024 at 11:00 AM EST

REGISTER HERE FOR COMPLIMENTARY WEBINAR

Learning Objectives:

• How to assist business clients in planning for any legislative changes due to H.R. 7024 with respect to R&D costs, bonus depreciation, interest deductions, or the Employee Retention Tax Credit

• Compliance options for 2023 §174 Specified Research or Experimental expenditures in light of current legislation Register for CPE Course!

Prerequisites:
At least two years preparing intermediately complex business income tax returns. No advance preparation is required.

Recommended Credit: 1.0 hour CPE in the field of Taxes delivered by Group Internet Attendance Policy:
To receive credit, attendees must sign in and be present for the presentation and respond to at least three instances of the attendance monitoring mechanisms per hour of instruction
Source Advisors (800) 806-7626

info@sourceadvisors.com SourceHOV Tax LLC dba Source Advisors 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.

REGISTER HERE FOR COMPLIMENTARY WEBINAR – Friday, February 9th 2024

Uptick In Cost Segregation Audits
January 31st, 2024
8:00AM PST I 10:00 A.M. CST | 11:00 A.M. EST
After registering, you will receive a confirmation email containing information about joining the webinar.
Learning Objectives Include:

After this course, the practitioner will:

Prerequisites:
Recommended Credit:

SPEAKERS:

Brian Coddington

Senior Director of Tax Accounting Methods

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Uptick In Cost Segregation Audits
January 31st, 2024
8:00AM PST I 10:00 A.M. CST | 11:00 A.M. EST
After registering, you will receive a confirmation email containing information about joining the webinar.
Learning Objectives Include:

After this course, the practitioner will:

Prerequisites:
Recommended Credit:

SPEAKERS:

Brian Coddington

Senior Director of Tax Accounting Methods

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What Is A 481(a) Adjustment?

481(a) adjustment is required in order to prevent duplication or omission of income or deductions when the taxpayer has changed their method of accounting, according to the IRS.

Any taxpayer filing changes in their accounting methods needs to file an IRC section 481 a adjustment and will need to submit Form 3115. This includes:

How To Report 481(a) Adjustment on Tax Return

To report a 481(a) adjustment on a tax return, IRS Form 3115 is required. This form is also known as the Application for Change in Accounting Method and is required for any taxpayer that either changes their accounting method or revokes or makes certain late elections.

Depending on whether you are filing for an automatic change request or a non-automatic change request will determine the exact information you need to provide.

Completing this form and filing your 481(a) adjustment can be very complicated. It requires a significant amount of detailed information and detailed calculation based on relevant account balances.

The Form 3115 will ask for the following:

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BRIAN CODDINGTON 1
Top 10 Questions To Ask A Cost Segregation Provider Before Working With Them

Navigating the complexities of tax planning can be overwhelming for businesses. One area that can offer significant tax savings is Cost Segregation. A well-executed Cost Segregation study can lead to accelerated depreciation deductions, allowing businesses to maximize their cash flow.

However, choosing the right provider to conduct this study is crucial. Below are the top 10 questions you should ask a Cost Segregation provider before engaging their services.

1. How long has your firm been performing Cost Segregation studies?

Experience matters when it comes to the complicated process of Cost Segregation. Knowing how many years a firm has been in the business will give you a sense of their expertise and reliability.

2. How many Cost Segregation studies has your firm completed?

Quantity can be an indicator of experience. The more studies a firm has conducted, the more likely they are to have dealt with situations similar to yours.

3. Does your firm employ degreed or professional engineers with specific Cost Segregation experience?

The role of engineering knowledge in a Cost Segregation study is essential for identifying and categorizing assets correctly. Ensure the firm has qualified engineers who specialize in this area.

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