Customer Service: 800-778-7436     

Sign In to Your Surgent Account

Forgot Username or Password | Register for an Account

Introduction to Section 263A: Uniform Capitalization of Inventory (I263)

Choose CPE Format:

Live Webinar SELECT STARTING AT $89 (3 dates)

Credits: 2

Qualifies For: IRS CPE

Instructor(s): Mike Tucker, Ph.D., LL.M., J.D., CPA, Lance Weiss, CPA, CVA

$89

Choose a Webinar Date

Please choose a Webinar date

NO HASSLE REFUNDS & TRANSFERS
EASY CANCELLATIONS
Self-Study (On Demand) SELECT

This course is not currently available. Please fill out this short form to be notified when self-study options are available.

FIRST NAME
LAST NAME
EMAIL ADDRESS
COMMENTS (OPTIONAL)
  • Great Examples and Explanations

    - Surgent customer

Interested in bringing this course into your firm?

PRIVATE WEBINARS AND LIVE ON-SITE COURSES ARE AVAILABLE. LEARN MORE.

Introduction to Section 263A: Uniform Capitalization of Inventory (I263)

  • Customer Rating
  • Field of Study
    Taxes
  • Level
    Advanced
  • Credits
    2
  • Qualifies for

    IRS CPE

Overview

Determining which costs should be included in inventory and cost of goods sold has been a continuing issue between taxpayers and the IRS for decades. Section 263A, the Uniform Capitalization Rules, provides standards regarding the capitalization of expenditures for manufacturers and large resellers. Each tax return, from the Form 1040, Schedule C to the Form 1120 where a taxpayer has inventories has a schedule where ending inventory must be calculated—and that calculation will reflect the Section 263A rules. This program discusses Section 263A principles as they must be applied on almost all business income tax returns with inventories.

Major Topics:

  • What types of taxpayers are subject to the Section 263A rules?
  • Costs that must be capitalized under the Section 263A rules
  • Methods used to apply overhead costs to inventory
  • The relationship between the Section 263A rules and the repair regulations 

Learning Objectives

  • Identify the costs that were capitalized under the pre-Section 263A rules and the additional costs that need to be capitalized under Section 263A
  • Understand the process of allocating the additional Section 263A costs to ending inventory
  • Determine which taxpayers are subject to the Section 263A cost capitalization rules 

Designed for:

CPAs with manufacturing clients and for those CPAs with large retail clients.

Prerequisite:

A basic understanding of deductible business related expenses

Advanced Preparation:

None

  • Great Examples and Explanations

    - Surgent customer

Interested in bringing this course into your firm?

PRIVATE WEBINARS AND LIVE ON-SITE COURSES ARE AVAILABLE. LEARN MORE.
loading

Loading...

Loading...

Thank You!

YOU HAVE ADDED THE FOLLOWING TO YOUR CART:


Loading...

Thank You!

Thank You! Your request has been submitted.



Get More with a Surgent CPE package

Self-Study Library Package

  • Unlimited 24/7 access to 200+ downloadable self-study courses

  • Courses range from 2-20 credits

  • Provides online grading & CPE certificates by email

$499

Learn More

Unlimited Webinar Package

  • Unlimited access to all non-premium live CPE webinars

  • Includes 1-, 2-, 3-, 4-, and 8-hour webinars, including Saturday and evening options

  • Access through 12/31/17

$649

Learn More

Unlimited Plus Package

  • Unlimited access to ALL live CPE webinars

  • Includes all premium courses and virtual conferences

  • Unlimited 24/7 access to all self-study courses

  • Includes all on-demand webcasts Access for a year from purchase date

  • Unlimited 24/7 access to all self-study courses

  • Includes Premium courses

$849

Learn More
  • CPE Continuing Professional Education for CPAs

  • IRS Continuing Education for EAs and the AFSP program

  • CFP Accepted by the CFP® Board

  • YB YellowBook Continuing Education

Explore Additional Courses by Topic

SURGENT IS APPROVED AS A PROVIDER OF CONTINUING EDUCATION BY:

Thank You!

Thank You! Your subscription has been submitted.