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.

 

Continued areas of focus/challenge

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.

To learn more about Tax Accounting Services visit us here

Video perspectives

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.

loading-player

Playback of this video is not currently available

Income taxes: Uncertain tax position, fundamentals

 

Featured

Featured
Income taxes

Income taxes

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.

Connecting the dots: Tax accounting and the business environment

Connecting the dots: Tax accounting and the business environment

Watch this webcast

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

Tax Accounting

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

View more insights on income tax

 

{{filterContent.facetedTitle}}

{{filterContent.facetedTitle}}

{{contentList.itemsCount}} {{contentList.resultsLabel}}
{{contentList.loadingText}}

{{contentList.loadingText}}
{{contentList.loadMoreLabel}}
{{contentList.viewAllLabel}}

Sign up for our weekly news and alerts

Contact us

Richard Levin
US Tax Accounting Services Leader
Email

Jennifer Spang
Partner, National Professional Services Group
Email

Follow us
Issues Accounting and reporting Auditing Governance insights Regulations Tax Strategy and operations Cybersecurity Human resources Mergers & acquisitions Risk Management Sustainability Technology
Featured topics Business combinations Consolidation and equity method Fair value measurement Financial instruments and hedging Foreign currency IFRS in the US Income tax Insurance contracts Lease accounting Not-for-profit accounting Pension accounting Private company accounting Revenue recognition Stock compensation Year-end financial reporting
Publications Accounting guides EITF observer IFRS news In brief In depth In the loop M&A snapshot Private company reporter PwC comment letters PwC point of view SEC comment letter trends The quarter close Weekly newsletter
Webcasts, videos and podcasts Webcasts On-demand CPE Podcasts Videos
Standard setters AICPA CAQ COSO EITF FASB GASB IASB PCAOB SEC
Industries Asset management Automotive Banking and capital markets Communications Energy and mining Entertainment and media Financial services Health industries Industrial products Insurance Private equity Power and utilities Private company industries Public sector Retail and consumer Technology
About CFOdirect Newsletter signup Financial reporting blog Events Resources Contact us

© 2016 - Wed Aug 23 10:09:12 EDT 2017 PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.