Book Processing for Income Tax – Featuring Tax Units Repair Expense

How to Register: Contact Amy Arra at aarra@pwrplan.com or (770) 937-3028.

When:   October 10-11, 2012 (8:30 am Oct. 10 – 5:00 pm Oct. 11)

Where:  PowerPlan Training Center (Atlanta Office) Atlanta, Georgia

Registration Fee: $1,200

CPE Credit: 16 Hours (10 hours in the Tax; 6 in Accounting field of study)

Intended Audience: 
Focused for Companies that have or will file 3115 change in Accounting for Tax Repairs Expensing or need to implement the new safe harbors (e.g. RevProc 2011-43) and is relevant to both Tax Accountants and CWIP / Asset Accountants.

Description: 
The course focuses PowerPlant V10.2 updates related to tax and specifically to the new tax repairs rules for Generation and T&D, tax analysis of CWIP, ensuring the proper deductions, and efficiency in obtaining and balancing tax basis amounts.

Instructors:   Zack Spratling and Jason Cone

Topics include:

• Tax Units of Property – Specific Identification of Work Orders
  • Identifying Units
  • Identifying Applicable Work Orders
  • Processing Blanket Work Orders
  • Retirements
  • Changes & Adjustments
  • Data/WMIS Interface Considerations
  • Configuration / Set Up
• Incorporating into Provision
  • Real-time capture of Repair Deduction
  • Current/Deferred Tax Issues
  • Estimated Payments
• Incorporating into PowerTax 
  • Implementing 481(a) Adjustments
  • Retirement Transaction Types
  • Identification of Tax Classes and Changes to Tax Book Translate
• Implementing Change in Accounting for Tax Repairs
  • Policies, Procedures, Work Flows and Best Practices
  • Audit Trails
  • Prior to the V10.3 Upgrade
  • During the V10.3 Upgrade
• Considering all Tax Issues
  • Bonus
  • 263(a)
  • SSC/MSC
  • PRA
  • Tax Credits
  • Retirements
• Other Tax Sensitive Issues
  • Timely Closing of Work Orders
  • Percentage Repair Allowance
  • Processing Retirements
  • Capturing all Retirement Activity
  • Cost of Removal
  • Vintaging
  • Types of Dispositions
• Calculating Book Tax M-Item basis differences
  • AFUDC and Capital Interest for Tax
  • CIAC
  • Capitalized Depreciation/Pensions
  • Mixed Service Costs
  • Software & Special cases
• Tax Department Review & Classification
  • Analyzing Work Orders
  • Bonus, Pollution Control
  • R&D, Software
  • Generation Issues
• Book/Tax Integration & Reporting
  • CWIP basis reconciliation
  • Closings/Mapping
  • Special Mappings - Transmissions
  • Salvage
  • M-Items 
  • Timing Quarterly