Willard J. De Filipps, CPA Consultant to Auto Dealer CPAs and Seminar Leader

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8/09/08

JUNE 20, 2002 -  CURRENT  DEALER  IRS TAX  ISSUES
& PLANNING OPPORTUNITIES

PROGRAM  INCLUDES

·         New Developments & Revenue Procedures from the IRS

·         IRS Ruling on GM Transitional Allowance Payments to Olds Dealers

·         Auto Dealer - IRS Tax Issues for Dealers in Transition

·         New Demonstrator Vehicle Rules… Revenue Procedure 2001-56

·         Accounting Method Changes - New Guidelines and Requirements for Voluntary, Permission-Required and IRS Audit Initiated Method Changes

·          Recent Tax Cases & Issues Involving Dealers

·          Multiple Dealership Entities… Structures and Planning

Objective: To provide detailed discussions of current tax and IRS audit issues and planning strategies for  CPAs providing services to automobile dealers.

Click here for more details on this seminar.

JUNE 21, 2002 -  LIFO FOR NEW, USED & PARTS INVENTORIES - CONCEPTS, APPLICATIONS, STRATEGIES & OPPORTUNITIES

PROGRAM  INCLUDES

·         Basic Considerations in Evaluating LIFO for Auto Dealer Inventories… 

·         Requirements - Cost, Conformity, Consent and Books & Records Requirements

·         Form 970 - Filing Mechanics - First Year Conversions

·         Financial Statement Conformity Requirement:  Year-end LIFO Disclosure Requirements

·         IRS Approved LIFO Methods

·         New Vehicles - Revenue Procedure 97-36 

·         Used Vehicles - Revenue Procedure 2001-23 

·         Parts - Revenue Procedure 2002-17 

·         Other LIFO Methods

·         LIFO Pitfalls for S Corporation QSub Groups

Objective: Practical discussions of auto dealer inventories and the applications of the LIFO (Last-In, first-Out) inventory method for new vehicles, used vehicles and parts inventories.

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General Seminar Information

SEMINAR FORMAT: Lecture and group discussion with “Questions and Answers” throughout the session.

COURSE LEVEL: Basic to Intermediate.

ADVANCE PREPARATION:   No advance preparation is required.

PREREQUISITE: At least one year’s experience with automobile dealerships.

SEMINAR COST: $225 per day, per attendee.

TIME: From 8:30 AM to 5:00 PM.  Registration between 8:00 and 8:30 AM.

  Please Note:  Lunch is not included in registration fee.

CPE CREDIT: Each seminar is intended to qualify for 8 hours of CPE, but each State has its own CPE rules.

Willard J. De Filipps, CPA, P.C. is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. 

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    Contact Information

Telephone                                                FAX

847-577-3977                                            847-577-1073

Postal address

317 West Prospect Avenue, Mount Prospect, Illinois  60056

Electronic mail

General Information: cpawjd@aol.com

Send e- mail to cpawjd@aol.com with questions or comments about this web site.
Copyright © 2008 Willard J. De Filipps, CPA, P.C.