Income taxes

Accounting guide

Our income taxes guide brings together US GAAP guidance under ASC 740 and our insights to help you navigate this complex topic.

This guide was fully updated in August 2017.

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 and users. Among those challenges are the tax accounting rules for valuation allowance, intraperiod allocation, business combinations, and foreign operations.

This guide is designed to help you interpret the existing literature in this complex area of accounting by bringing together all of the key US GAAP guidance into one publication. It provides several comprehensive examples to help navigate the guidance, and offers our perspective throughout, based on both analysis of the guidance and our experience in applying it.

To help you navigate this PwC guide, all references within the Income taxes guide and to other PwC guides are linked and will take you directly to the referenced guidance.

Downloading the guide onto an iPad

  1. Click on the button below to open document:
    Income taxes
  2. Once the PDF opens, click on the Action button, which appears as a square icon with an upwards pointing arrow.
  3. From within the action menu, select the "Copy to iBooks" option.
  4. The guide will then be saved to your iBooks app for future access.

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David Schmid
IFRS & US Standard Setting Leader, National Professional Services Group

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