Example SEC comments and example disclosure
Financial accounting and reporting for income taxes continues to challenge executives. For your reference, we have compiled the below examples.
Example SEC comments: Income taxes
A sample of comments issued to public registrants by the US Securities and Exchange Commission (SEC) on income tax matters under ASC 740.
Sample disclosures: Accounting for Income Taxes
The sample disclosures in this document reflect accounting and disclosure requirements outlined in SEC Regulation S-K, SEC Regulation S-X, and ASC 7401 that are effective as of December 31, 2014.
Financial Reporting for Taxes