Gain a better understanding of key considerations in a blended state approach versus a state-by-state approach.
Accounting Codification Standard 740 requires a separate deferred tax computation where significant differences exist between the tax laws of that and other jurisdictions. As a matter of practice, some companies measure deferreds based on a blended-rate methodology. A company may meet a number of challenges associated with the implementation of a separate state approach to quantifying deferreds. This topic helps participants understand the benefits of a state-by-state calculation. This information will address materiality considerations that a company should understand related to the differences in a blended state approach versus a state-by-state approach. The topic will provide a discussion of recommendations for successful implementation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview
- Types of Blended State Calculations
- Potential Issues With Use of a Blended Rate
Accounting Guidance
- Technical Accounting Guidance-ASC 740
- Materiality Considerations
- Benefits
- Challenges
Implementation
- Data Requirements
- Separate-Entity Reporting
- Combined Group Reporting
- Accurately Roll the NOL Balances and Credits
- Return to Provision Considerations
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on May 19, 2016.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Brian D. Myers, CPA
Crowe LLP
- Serves in the State and Local Tax Practice as the leader of the Midwest office of Crowe Horwath LLP
- More than 26 years of state income/franchise tax experience with a Big Four firm prior to joining Crowe
- Experience includes extensive merger integration work, review and analysis of the tax implications of proposed business reorganizations, analysis of state tax filings for refunds and prospective favorable filing positions, and representation of clients in state tax controversies
- Prior firm leader for state and local ASC 740 tax issues
- Frequently speaks on state and local tax topics and is affiliated with the American Institute of Certified Public Accountants and Indiana Society of Certified Public Accountants
- B.S. degree in accounting, Butler University
Brandon T. Newton, CPA
Crowe Horwath LLP
- Manager in the State and Local Tax group of Crowe Horwath LLP
- Experienced in federal and multistate tax consulting and compliance since 2007
- Specializes in state and local income tax, including compliance, planning, audit/controversy resolution and due diligence for a wide range of clients
- Affiliated with the American Institute of Certified Public Accountants (AICPA); Tennessee Society of Certified Public Accountants and Leadership Health Care, Nashville, TN
- B.S. degree in accounting, Northern Illinois University
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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