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:
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.
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.
On November 20, the FASB issued final guidance simplifying the balance sheet classification of deferred taxes.
FASB proposes new disclosures for government assistance that may apply to certain arrangements to receive tax benefits.
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.
Valuation allowances on DTAs can be confusing. Hear the guidance and some common misconceptions in plain English.
FASB redeliberates two proposed Accounting Standards Updates on ASC 740.
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.
This quarterly publication is designed to keep directors informed about the latest accounting and financial reporting issues.
The acquisition of a foreign business can introduce complex financial reporting challenges when accounting for income taxes.
PwC's popular Financial statement presentation guide addresses U.S. GAAP presentation and disclosure requirements of common balance sheet and income statement accounts.
As part of our continued effort to help organizations navigate through the complexity of today’s tax accounting issues, we've assembled a compilation of our Tax Accounting Services’ publications released between February and June 2015.