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.
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