Cash and Accrual Methods of Tax Accounting
- Define and apply the following, relating to the cash method of tax accounting
- Recognition of income
- Actual receipt, cash equivalents, economic benefits, deposits, and Constructionuction receipts
- Recognition of deductions
- The One Year Rule, deposits, credit card payments, and prepaid interest
- Define and apply the following relating to the accrual method of tax accounting
- Recognition of income
- Recognition of deductions
- Define how §461(f) can be utilized by cash and accrual method taxpayers
Instructor bio
Tim Gearty is the National Director and Editor-in-Chief for the world’s largest CPA training program, Becker CPA Review. In addition to his editorial leadership, Tim is also Becker's National Lead Instructor, whose taped lectures are seen in over 325 locations throughout the world. Tim is a nationally recognized expert and speaker on a variety of accounting and tax topics, and has appeared as keynote speaker for several Fortune 100 companies as well as many national associations. He has frequently been called upon over the past twenty years to present accounting and tax topics to large groups, organizations, and corporations, accounting firms and in legal proceedings. Tim is a partner in Gearty & McIntyre, LLP, CPA, a firm which has developed a reputation as a specialist in business advisory services, litigation support and forensic accounting. He is a member of the American Institute of Certified Public Accountants and the New Jersey Society of Public Accountants as well as a trustee of that organization. He holds a BS in Accounting from Fairleigh Dickinson University, and both a MBA in Finance and Law Degree (JD) from Seton Hall University. Tim is a member of the New Jersey and American Bar Associations.
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