Perspectives

Example SEC comments and example disclosure

Read these reference materials containing documents we compiled from public filings.

Perspectives

Carve-out financial statements

Tax considerations and complexities

​As more companies refocus on their core strategies to sustain future growth, many are finding the divestiture component of transactions has grown in size and complexity. Determining the tax provision information (balance sheet, expense, benefits, etc.) is often one of the most complex aspects of preparing carve-out financial statements in conjunction with a divestiture.

Tax issues arising from a divestiture

In this report, Deloitte discusses tax issues arising from a divestiture, including those related to:

  • Legal entity structure
  • Materiality
  • Audit scope
  • Deferred taxes
  • Tax effect of accounting push-down adjustments
  • Consolidated tax adjustments
  • Taxes payable balance
  • State tax considerations
  • International tax considerations
  • Tax footnote disclosures
  • Interim updates

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Katy Hollister

Chief Strategy Officer | Business Tax Services

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