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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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.

ASC 740 implications of accounting method changes

01/07/16

This publication is focused on topics we believe will be widely relevant to the preparation of 2015 year-end financial statements.

Accounting for Income Taxes – 2015 Year-end Hot Topics

01/05/16

This publication is focused on topics we believe will be widely relevant to the preparation of 2015 year-end financial statements.

In depth: FAQ on applying simplified balance sheet classification of deferred taxes

12/17/15

This In depth includes responses to FAQs related to new FASB guidance on balance sheet classification of deferred taxes.

The quarter close: Directors edition

12/17/15

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