Tag: asc740

ASC 740 Accounting for Income Taxes
ASC 740 Income Taxes — Implications of COVID-19 and the CARES Act

The CARES Act includes several business provisions that may impact a company’s accounting for income…

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The State Income Tax Consequences of Wayfair
The State Income Tax Consequences of Wayfair

While the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc. directly affects the state and local…

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Tax Reform FAQs
Tax Reform FAQs

The $1.5 trillion tax reform legislation known as the “Tax Cuts and Jobs Act” represents…

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Tax Reform and ASC 740 Five Things You Need to Know
Tax Reform and ASC 740: Five Things You Need to Know

Income tax accounting (ASC 740) is complex enough. Thanks to tax reform, the complexity around…

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