AccountingLink

Income taxes

9 July 2014

Quarterly tax developments - June 2014
Our June 2014 edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes enacted and effective tax legislation, global tax treaties, and other items through 30 June 2014 to consider as you prepare your tax provision. We've also listed our tax and other publications that provide more detail on the topics we discuss.

9 April 2014

Quarterly tax developments - March 2014
Our March 2014 edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes enacted and effective tax legislation, global tax treaties, and other items through 31 March 2014 to consider as you prepare your tax provision. We've also listed our tax and other publications that provide more detail on the topics we discuss.

23 January 2014

Tax Alert 2014-148: US GAAP income tax accounting considerations of the Mexican 2014 Tax Reform
The final components of Mexico’s 2014 tax reform (Final Reform) were published in the Official Gazette on 11 December 2013, after having been signed by President Peña Nieto on 6 December 2013. The final step in enacting a tax law in Mexico is for the president to publish the law in the Official Gazette. Therefore, the enactment date of the Final Reform is 11 December 2013. The changes included in the Final Reform are generally effective for tax years beginning on or after 1 January 2014.

9 January 2014

Quarterly tax developments - December 2013
Our December 2013 edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes enacted and effective tax legislation, global tax treaties and other items through 31 December 2013 to consider as you prepare your tax provision. We've also listed our tax and other publications that provide more detail on the topics we discuss.

9 January 2014

Technical Line - ‘Tax extenders’ have expired — once again
Congress has once again allowed several tax provisions known as "tax extenders" to expire on 31 December 2013. They include the research and development tax credit, the active financing exception for financial services businesses, a host of renewable energy incentives and bonus depreciation. While these provisions may be reinstated as they have been in the past, tax legislation faces significant challenges in the current environment. It is important to remember that a reinstatement can be accounted for only in the period enactment. Our Technical Line tells you what you need to know.

8 October 2013

Quarterly tax developments - September 2013
Our September 2013 edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes enacted and effective tax legislation, global tax treaties and other items through 30 September 2013 to consider as you prepare your tax provision. We've also listed our tax and other publications that provide more detail on the topics we discuss.

19 September 2013

Financial Reporting Developments - Accounting for income taxes
We have updated our Financial reporting developments publication, Income taxes. This updated edition includes further enhancements to our interpretative guidance. See Appendix D for details on the updates.

18 July 2013

To the Point - Presentation of unrecognized tax benefits
The FASB today issued final guidance on the presentation of certain unrecognized tax benefits in the financial statements. Our To the Point publication tells you what you need to know about the new guidance.

17 July 2013

Quarterly tax developments - June 2013
Our June 2013 edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes enacted and effective tax legislation, global tax treaties and other items through 30 June 2013 to consider as you prepare your tax provision. We've also listed our tax and other publications that provide more detail on the topics we discuss

11 April 2013

Quarterly tax developments - March 2013
Our March edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes enacted and effective tax legislation, regulatory developments and other items through 31 March 2013 to consider as you prepare your tax provision. We list our tax alerts and other publications that provide more detail on the topics discussed.

10 January 2013

Quarterly tax developments - December 2012
Our December edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes enacted and effective tax legislation, regulatory developments and other items through 31 December 2012 to consider as you prepare your tax provision. We list our tax alerts and other publications that provide more detail on the topics discussed.

3 January 2013

Technical Line - 2013 tax deal extends the ‘extenders’
The tax bill that President Obama signed on 2 January 2013 retroactively reinstates expired tax provisions known as tax extenders. The income tax accounting effect, including any retroactive effect, of a tax law change is accounted for in the period of enactment, which in this case is the first quarter of 2013 for a calendar year-end entity. Our Technical Line tells you what you need to know about this issue.

4 October 2012

Quarterly tax developments - September 2012
Our September edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes enacted and effective tax legislation, global tax treaties, regulatory developments and other items through 30 September 2012 to consider as you prepare your tax provision. We've also listed our tax alerts and other publications that provide more detail on the topics we discuss.

3 July 2012

Quarterly tax developments - June 2012
Our June edition is designed to help you identify certain changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes certain enacted and effective tax legislation, global tax treaties, regulatory developments and other items through 30 June 2012 to consider as you prepare your tax provision. We've also listed our tax alerts and other publications that provide more detail on the topics we discuss.

4 April 2012

Quarterly tax developments - March 2012
Our new publication is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. Every quarter, we will summarize enacted and effective tax legislation, global tax treaties, regulatory developments and other items to consider as you prepare your tax provision. We'll also list our tax alerts and other publications that provide more detail on the topics we discuss.

9 February 2012

Technical Line - Tax extenders have expired - again
Several tax provisions that affect businesses, including the research and development tax credit, the active financing exception for financial services businesses and a host of renewable energy incentives, expired on 31 December 2011. While some or all of the tax provisions known as "tax extenders" may be reinstated as they have been in the past, a reinstatement can be accounted for only in the period of enactment. Our Technical Line tells you what you need to know about this issue.

1 April 2011

Statutory accounting for income taxes: Proposed changes and complexity
Our publication summarizes the NAIC's proposed new statutory accounting guidance for income taxes.

17 December 2010

Hot Topic - Accounting for income taxes: a year-end update
New laws and regulations have significantly altered the tax landscape this year- health care reform, incentives to hire unemployed workers, new tax credits and the IRS schedule to report uncertain tax positions. Our Hot Topic summarizes developments that may have income tax accounting implications.

17 December 2010

Hot Topic - Accounting for income taxes: implications of recently enacted tax legislation
In December 2010, President Obama signed in to law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the Act). Our Hot Topic provides an overview of the related income tax accounting implications.

8 December 2010

Hot Topic - Accounting for income taxes: implications of proposed tax cut legislation
On 6 December 2010, President Obama announced a framework to cut tax rates for individuals and to provide tax relief for businesses. Our Hot Topic provides an overview of the announced provisions.

6 October 2010

Hot Topic - Accounting for income taxes: a quarterly update
The third quarter of calendar year 2010 introduced certain legislative and regulatory developments with potential income tax accounting implications. Our Hot Topic includes a summary of certain third quarter 2010 developments and trends that may have potential income tax accounting implications.

11 August 2010

Hot Topic - Tax accounting for international tax legislation
Our Hot Topic summarizes the tax considerations related to the Education and Jobs and Medicaid Assistance Act ("the Act"). The Act contains a series of income tax provisions that will change how foreign tax credits are determined and used in a number of situations. US entities with foreign subsidiaries that loan or repatriate income to a US parent are most likely to be affected by the change in tax law.

23 June 2010

Hot Topic - Accounting for income taxes: a quarterly update
The second quarter of calendar year 2010 saw a number of legislative and regulatory developments including several with income tax accounting implications. Our Hot Topic includes a summary of certain developments and trends many of which have potential income tax accounting implications.

1 June 2010

Comment Letter - IRS proposal to require tax return disclosure of uncertain tax positions
This comment letter provides our views on the IRS proposal to require tax return disclosure of certain uncertain tax positions.

29 January 2010

Hot Topic - French business tax reform
On 31, December 2009, a change in French tax law was enacted. Our Hot Topic provides a summary of the tax law change and the application of income tax accounting.

6 November 2009

Hot Topic - Income tax accounting implications of recent legislation
In November 2009, President Obama signed into law legislation that contains a number of tax law changes, including a provision that extends the carryback period for certain net operating losses. Our Hot Topic provides an overview of the income tax accounting implications of this legislation.

9 September 2009

Hot Topic - FASB issues ASU 2009-06 on accounting for uncertainty in income taxes
Our Hot Topic summarizes the FASB's guidance related to the accounting for uncertainty in income taxes and eliminates certain disclosure requirements for nonpublic entities

12 June 2009

Comment Letter - FASB Staff Position FIN 48-d: Application guidance for pass-through entities
This comment letter provides our views on a proposed FSP on FIN 48 application guidance.

20 May 2009

Hot Topic - FASB issues proposed FSP FIN 48-d
Our Hot Topic addresses the FASB's FSP No. 48-d, Application Guidance for Pass-through Entities and Tax-Exempt Not-for-Profit Entities, and Disclosure Modifications for Nonpublic Entities.

10 April 2009

Hot Topic - IASB issues exposure draft on income tax
Our Hot Topic discusses the proposed changes to IAS 12 and the effect these changes have on existing differences in the accounting for income taxes between IFRS and US GAAP.

2 December 2008

Comment Letter - FASB proposed FSP FIN 48-c
The comment letter provides our views on the FASB proposed FSP to further delay the application of FIN 48 for non-public entities.

7 November 2008

Hot Topic - Proposed FSP FIN 48-c, Effective date of FIN 48 for certain non-public entities
Our Hot Topic summarizes the FASB's views in its proposed FSP to delay the effective date of FIN 48 for certain nonpublic entities.

18 January 2008

Comment Letter - Proposed FASB Staff Position No. FIN 48-b-effective date of FIN 48 for Nonpublic Enterprises
This comment letter provides our views about the effective date of FIN 48 for nonpublic companies.