Accounting for Income Taxes ASC 740: OBBBA Implications, Business Combinations, Valuation Allowances

by | Jan 26, 2026 | ASC 740, Events, Federal Tax, State and Local, Tax Minimization, Tax News | 0 comments

Join TaxOps’ Lindsay Haskell and Dan DeLau as they dig into the complex details of ASC 740, with a practical approach for business taxpayers 2-credit CPE course at Barbri.

Accounting for Income Taxes ASC 740: OBBBA Implications, Business Combinations, Valuation Allowances

Online Only | 2.0 Credits

Thursday, February 5 | 1:00 PM ET

Register

Introduction

This course will analyze various components of accounting for income taxes that can be traps for the unwary, including specific business combination issues, valuation allowance assessments, tax internal controls, and implications of the recently enacted One Big Beautiful Bill Act (OBBBA) modifications.

Description

ASC 740 provides a methodology for recognizing current taxes payable and refundable and recording expected deferred tax obligations and refunds. Few areas of financial reporting are more complex. OBBBA, as well as updates made by ASU 2023-09, Improvements to Income Tax Disclosures, require accountants to take a fresh look at these complex areas and their implications for income tax provision calculations.

Listen as our panel of accounting experts provides practical advice and hands-on examples of calculations and the financial presentation of these continually revised tax provisions.

Instructors:

Lindsay Haskell, CPA
Director, Corporate Tax
TaxOps

Lindsay Haskell has more than 15 years of public and private accounting experience in corporate, income tax provision and compliance as well as indirect tax experience. As a main point of contact in client matters, directing client workflows and relationships, Lindsay’s energy and tenacity are aimed at doing what is best for clients, which includes dynamic companies worldwide. Clients appreciate her deep subject matter expertise, hands-on attention to detail, and straightforward answers. Lindsay also works with business strategy tax impact analysis, transfer pricing and foreign reporting, M&A due diligence and entity restructuring, making sure the tax pieces fit business goals. Her role extends to counseling clients under audit and aiding in their efforts to develop corporate tax departments.

Dan DeLau, CPA
Daniel DeLau Co-founder, Corporate Tax Advisor

TaxOps

Mr. DeLau is a co-founder of TaxOps and a boomerang to our business tax advisory mission at TaxOps. Following a promotion to partner at Ernst & Young, he co-founded TaxOps to bring all the best of the big firm knowledge to businesses without the bureaucracy. He gained significant experience in international and domestic accounting and tax transactions within a U.S. corporate environment working for international accounting firms, and as tax director of multiple public and private companies, each with extensive and complex operations throughout the United States and internationally. Mr. Dela worked as the U.S. tax director for a Fortune 100 company based in Lausanne, Switzerland, and continues to consult on tax and accounting issues with various clients. He has significant experience and background in accounting for income tax (ASC 740).

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