Income Tax Accounting

The most reliable guide available on its subject, Federal Taxation of Income, Estates & Gifts is the industry-leading treatise for professionals seeking informed answers to complex tax questions.

Properly accounting for income taxes in GAAP financial statements requires a thorough understanding of complex accounting and tax rules and regulations. PPC's Guide to Accounting for Income Taxes provides practical, how-to guidance on all aspects of accounting for income taxes under FASB ASC 740, Income Taxes. The Guide includes numerous illustrations and example calculations, as well as helpful practice aids, that will enable you to effectively and efficiently identify temporary differences, calculate current and deferred income taxes, and report and disclose income taxes in GAAP financial statements.

Accounting for uncertain income tax positions has become a critically important issue for financial accounting and income taxation purposes in recent years. Accounting for Uncertain Income Tax Positions articulates the rigorous requirements of FASB ASC 740-10 and provides information and numerous tools for practitioners' use including sample filled-in templates to help inventory and document Uncertain Tax Position compliance, with a focus on commonly-encountered areas of uncertainty, including NOL carryforwards, customer deposits, transfer pricing, and state tax nexus.