Tax accounting

Featured publication A Comparison of FIN 48 and the Tax Penalty Standard Insurance tax bulletins - Brief summaries of current tax developments impacting the taxation of insurance companies and their products.

Download in Adobe PDF format District court protects tax accrual workpapers (50kb) Guide to accounting for income taxes 2007 (43kb) Accounting method "year of change" revision permitted (46kb) FASB votes to delay effective date of FIN 48 for nonpublic entities (43kb) Request for information on tax benefits and FIN 48 compliance (54kb) FASB to consider replacing FAS 109 with an amended international accounting standard. For this and other accounting publications click on "CFO Direct" under "Of further interest."    Read more alerts...    Subscribe to receive Iisurance tax bulletins

The interplay between financial reporting and tax reporting has resulted in financial reporting developments with significant implications for insurance tax departments including changes made by the Statutory Accounting Principles Working Group, The Financial Accounting Standards Board, The Securities Exchange Commission, and The American Institute of Certified Public Accountants. These developments require tax practitioners to work closely with financial reporting staff to insure that amounts are properly reported.

For our non-audit clients, PricewaterhouseCoopers' tax provision services offering is designed to assist taxpayers with either the preparation of their tax accruals, or other related projects, such as an analysis of tax positions at quarter/year-end, and/or deferred tax reviews. While our tax professionals have been performing these services for years, leveraging our knowledge base with TaxStream, a third-party tax accrual preparation software tool, allows us to provide tax accrual preparation assistance to taxpayers with increased accuracy and efficiency.

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