Special Edition | US tax reform: FASB update and accounting for income tax matters
January 22 | 1 p.m. ET | 18:00 GMT
Host: Kathleen Farlow, partner, Deloitte Tax LLP
1 Overview CPE credit | Accounting
As companies account for the new US tax reform provisions in their financial statements, staying informed is critical. How do recent FASB updates, SAB 118, and disclosure requirements apply to key tax law provisions? We’ll discuss the financial statement accounting and reporting implications of:
- Transition tax on deemed repatriation.
- Global intangible low-tax income and base erosion and anti-abuse tax.
- Indefinite reinvestment assertions after tax reform.
Participants will gain valuable insights on accounting for and disclosure of the impact of the new legislation and other practical considerations around financial statement reporting requirements.