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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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.

PwC quarterly tax accounting - Webcast replay

07/06/16

In this recorded webcast, a panel of our Tax Accounting Services specialists discuss tax accounting matters including an update on the tax impacts of the revenue recognition standard, recent activity from standard setters, and other relevant ASC 740 topics and considerations.

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.

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

04/05/16

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 and tax rate changes around the globe, updates on the new lease and stock compensation accounting standards, and more.

The quarter close: Directors edition Q1 2016

03/23/16

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

Income tax

01/24/16

Stay informed of the most recent developments in Accounting for Income Taxes (ASC 740) on PwC's CFOdirect.

Global Tax Accounting Services Newsletter: Income tax accounting and reporting developments (December 2015)

01/18/16

Designed to help multinationals stay aware of tax accounting and regulatory developments under US GAAP and IFRS, whilst providing technical guidance on challenging tax accounting areas.

FASB Income tax projects update – A PLS perspective

01/07/16

In this alert, we provide a pharmaceutical and life sciences perspective to the FASB Income tax projects update.