Income tax

Accounting for income taxes is a perpetual hot topic in the U.S. The overall accounting model for income taxes has been in place for many years, yet the accounting for income taxes continues to pose many challenges for preparers, users, and auditors.

Among those challenges are:

  • tax accounting rules for valuation allowance,
  • intraperiod allocation,
  • interim periods,
  • business combinations, and
  • foreign operations.

The ever-changing landscape of income tax law requires analysis on a continuous basis across multiple jurisdictions. In addition to being complex, the relevant accounting standards contain many nuances, and applying the standards oftentimes involves significant judgments.

Video perspective

UTP what? Are you uncertain about the accounting for Uncertain Tax Positions (UTPs)?  PwC’s Kassie
Bauman translates the tax talk into plain english with easy to follow examples.  Listen in to learn
what an uncertain tax position is, how they relate to uncertain tax benefits, and how they are monitored
and resolved.

 

Guide to Accounting for Income Taxes - 2013 third edition (November 2016)

11/15/16

The accounting for income taxes (ASC 740) continues to pose many challenges for preparers, users, and auditors. This PwC guide is intended to clarify the fundamental requirements involved in the accounting for income taxes.

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Income taxes: Uncertain tax positions, disclosures

01/09/17

Uncertain tax positions won’t always tie out. Watch now to see why.

Tax Accounting Services quarterly

01/05/17

In this recorded webcast a panel of our Tax Accounting Services specialists discuss relevant tax accounting matters.

Accounting for Income Taxes – 2016 Year-end Hot Topics

12/22/16

Calendar year 2016 has seen considerable activity in the legislative, regulatory and accounting standard setting landscapes both in the United States and abroad.

The quarter close: Directors edition Q4 2016

12/13/16

This quarterly publication is designed to keep directors informed about the latest accounting and financial reporting issues.

Connecting the dots: Tax accounting and the business environment

11/30/16

In this webcast, we discuss how changes in business and recent legislative and standard-setting developments can have a significant impact on tax accounting. Watch the replay or participate in the on demand (CPE-eligible) version of the webcast.

Guide to Accounting for Income Taxes - 2013 third edition (November 2016)

11/15/16

The accounting for income taxes (ASC 740) continues to pose many challenges for preparers, users, and auditors. This PwC guide is intended to clarify the fundamental requirements involved in the accounting for income taxes.

Potential tax considerations associated with the new leasing standard

11/15/16

Potential tax considerations associated with the new leasing standard.

Financial statement presentation - 2016 edition

11/10/16

PwC describes in detail the financial statement presentation and disclosure requirements of common balance sheet and income statement accounts.

In depth: New tax regulations may affect the accounting for intercompany transactions

11/03/16

New Section 385 tax law may impact financial statements and internal controls for US companies with foreign intercompany debt.

The new FASB guidance will significantly change income tax accounting for intra-entity asset transfers, except for inventory

10/31/16

The FASB issues new guidance for intra-entity transfer of assets other than inventory.