The new repair regulations are complex. They contain opportunities as well as traps for the unwary.
(PRWEB) October 18, 2012
Training and development website, Tax Professionals’ Resource, is encouraging tax managers, controllers and accountants to register for the November 9th tax compliance audio conference titled “IRS Repair and Maintenance Regulation Update”. This live audio conference will describe the technical rules including the new rules for unit of property and other specific rules (routine maintenance safe harbor; de minimis rule).
Presenting this 90 minute audio conference are Grant Thornton LLP’s Richard Shevak and Tracy Watkins, J.D., LL.M., C.P.A. Richard Shevak and Tracy Watkins will provide tax professionals with essential information they can use immediately and will discuss possible financial statement issues and suggested next steps to comply and take advantage of the new regulations. According to Tax Professionals’ Resource, “The new repair regulations are complex. They contain opportunities as well as traps for the unwary.” Attendees will benefit from learning the procedural rules surrounding the implementation of the new repair regulations.
Richard Shevak is a Senior Manager in Grant Thornton’s Corporate - Strategic Federal Tax Services specializing in tax accounting methods and inventory issues. In this role, he provides technical support to clients and tax professionals in Grant Thornton’s operating offices on a wide range of tax accounting issues including income recognition, timing of deductions, capitalization of expenditures, method changes, as well as special methods of tax accounting including section 199, inventory, and depreciation.
Tracy Watkins, J.D., LL.M., C.P.A. is a Manager in Grant Thornton’s Washington National Tax Office. Tracy primarily focuses on accounting methods and periods, but also works on tax credit and incentive matters. She spent over three years in Grant Thornton’s South Florida office working on federal and international compliance, planning, and consulting and over three years in Grant Thornton’s Washington National Tax Office.
For more information and to register for this tax compliance audio conference, visit http://www.taxprofessionalsresource.com/audio-conference/390391?c=11&p=18080
About Tax Professionals’ Resource:
Tax Professionals’ Resource is a training and development website dedicated to the enhancement of the tax profession. They are committed to the specific educational and developmental needs of members looking for unique, up-to-date tax training opportunities through audio conferences, seminars, webinars and articles. Members also gain access to product offerings and other educational tools that assist in securing their position at the forefront of their respective disciplines. Tax Professionals’ Resource delivers an overall experience that gives their community of tax professionals a distinct competitive advantage.