Develop a practical approach for the application of the basic elements of income tax accounting under FASB codification 740

We will dispel the myths surrounding deferred income taxes, and provide useful approaches and numerous computations

Identify basic recurring transactions that result in book-tax differences for private companies, and how to accumulate the needed information to simplify the computations

Recognize tax positions taken in tax returns and how those positions are to be evaluated for purposes of accruing the related tax benefits in the financial statements