Accounting for Income Taxes

Accounting for Income Taxes

Income tax provisions and disclosures in audited financial statements must adhere to various rules and regulations set forth by the SEC, PCAOB, and FASB. Andersen professionals have extensive experience preparing and reviewing income tax provisions and income tax disclosures in audited financial statements. 

Andersen’s services include: 

• ASC 740 and IAS 12 uncertain tax positions under ASC 740-10 (formerly FIN48)
• Tax accounting for business combinations
• Valuation allowance assessments

Our professionals can: 

• Prepare or review workpapers, including computations of income tax provisions in annual and/or quarterly financial statements. 
• Assist with the income tax reporting for business combinations, joint ventures, discontinued operations, and other transactions or changes to a business.
• Evaluate and document uncertain tax positions and valuation allowance assessments. Prepare or review income tax disclosures in SEC Forms 10-K, 10-Q, and S-1.