Telecom Accounting & Business Seminars

Corporate Tax Accounting for Regulated Telcos

November 13, 2008

Excalibur Hotel
Las Vegas, NV

Register

$470 1-day course

CPE Credits: 6

Who Should Attend?

This course is designed to instruct the fundamentals of telecom corporate taxation and deferred tax accounting to accountants and CPA’s working in the telecom industry.  Those interested in gaining a better understanding of how income taxes and deferred taxes are calculated and the impact on regulatory settlements should attend.  The course is geared at the “intermediate” level of experience, meaning that it will be assumed that attendees will have a basic knowledge of corporate taxation and some exposure to income tax accounting.

What You'll Learn

Class time will be split between the two topics below.

Accounting for current and deferred income taxes

Income tax accounting is a particularly troublesome area for many companies because of the complexity of tax return caculations combined with the regulatory ramifications of income tax accounting.  We will use a methodical approach to teach the nuts and bolts of income tax accounting, the calculation of deferred taxes, and the impact of deferred taxes on rate base. The course will not deal with cooperative tax issues.

Telecom tax topics

We will cover the unique elements of income tax and opportunities to minimize tax liability for taxable telecom companies including the following:

  • Permanent and temporary timing differences
  • Depreciation method selection
  • Group depreciation and Mass Asset elections
  • Gain/loss calculations
  • Treatment of aid to construction receipts
  • Treatment of cost of removal
  • Treatment of plant salvaged to inventory
  • S-Corporation elections
  • Treatment of AFUDC
  • Alternative minimum tax calculations
  • Goodwill and purchase adjustment tax accounting
  • Net operating loss limitations
  • Tax law and ruling updates to the extent relevant to the course purpose

Bring your questions. Class discussion and questions from attendees are an important aspect of our tax seminars.

Instructors

Cheri Burnham

Moss Adams LLP

Korry Sheffler

Moss Adams LLP

Let us bring this course to your location.

Telecom Seminar Contacts

Registration Information

Karen Arndt

509-777-0153

Course Content Information

Rick Betts

509-777-0187

Send us an e-mail

Events

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Courses in the Telecom Accounting series:


Course Combo Opportunities: Make the most of your training dollar and trip to Las Vegas by also registering for Capital Credit Strategies or Annual Advanced Co-op Tax Forum.