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.

Guide to Accounting for Income Taxes - 2013 second edition (June 2015)

6/29/15

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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PwC quarterly tax accounting webcast - October 5, 2016

10/05/16

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

The quarter close: Directors edition Q3 2016

09/14/16

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

The FASB proposed changes to income tax disclosure requirements. How will these changes impact your organization?

09/01/16

On July 26, 2016, the FASB (or the Board) issued a proposed Accounting Standards Update (ASU), Disclosure Framework

FASB Accounting for Income Taxes Projects

08/24/16

The past year has seen considerable activity at the Financial Accounting Standards Board ("FASB") related to accounting for income taxes. The FASB has introduced several topics as part of its initiative to reduce complexity in accounting standards.

FASB Income tax projects update – A PLS perspective

07/29/16

This Alert provides an update to those FASB projects that will impact accounting or disclosures related to income taxes that may be of interest to companies in the Pharmaceutical and Life Sciences sector.

In brief: FASB issues exposure draft as part of income tax disclosure framework

07/28/16

The FASB’s proposed income tax disclosure framework would require additional disclosure for all entities.

Global Tax Accounting Services Newsletter: Income tax accounting and reporting developments (April - June 2016)

07/12/16

This publication is designed to help multinationals stay aware of tax accounting and regulatory developments under US GAAP and IFRS, while providing technical guidance on challenging tax accounting areas. This edition features significant tax law changes around the globe, key aspects of income tax accounting under IFRS and US GAAP for foreign currency movements and transactions, and more.

The quarter close: Directors edition Q2 2016

06/20/16

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

Introduction to Income Tax Accruals: ASC 740 (f.k.a. FAS 109) Training

06/03/16

Join one of our upcoming trainings to earn up to 18.5 CPE credits, and develop the ability to understand the requirements of Accounting for Income Taxes, including income statement, balance sheet calculations and much more.

In depth: Stock-based compensation guidance to increase income statement volatility (revised April 25, 2016)

04/19/16

The FASB’s share-based payment simplification guidance is expected to significantly impact net income and cause volatility.