Accounting for Income Taxes Quarterly | Deloitte US has been added to your bookmarks.
Perspectives
Accounting for Income Taxes
Quarterly Hot Topics
Accounting for Income Taxes Quarterly Hot Topics highlights certain recent tax and accounting developments that may have accounting for income tax (ASC 740) implications.
Subscribe and archives
Subscribe to receive Accounting for Income Taxes: Quarterly Hot Topics directly via email. Recent editions appear below; for older issues, please email a request to ustaxnews@deloitte.com.
July 2018
Tax law developments
- US Federal
- Notice 2018-26: Transition tax on foreign earnings
- Notice 2018-28: Initial guidance for computing business interest expense limitation under IRC section 163(j)
- Notice 2018-30: Modification to Notice 2003-65 regarding application of IRC section 168(k) for IRC section 382 purposes
- Notice 2018-35: Transitional guidance related to advanced payments
- Notice 2018-38: 2018 Fiscal-year blended tax rates for corporations
- Notice 2018-57: Defers applicability of final IRC section 987 regulations by one more year, allows temporary regulations to sunset
- Federal Tax Accounting Methods and Periods
- Automatic consent to change a method of accounting for the adoption of ASC 606 or IFRS 15
Multistate
- Recent US Supreme Court decision - Wayfair
- New legislative updates
- Alabama, Colorado, Florida, Iowa, Kentucky, Louisiana, Maryland, Missouri, Pennsylvania, Tennessee, Texas and Utah
- Multistate tax considerations of federal tax reform
- Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kentucky, Michigan, Nebraska, New Hampshire, New York, New York City, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, Tennessee and Wisconsin
- Amnesty Voluntary Disclosure
- Indiana and Massachusetts
- International
- India: Finance Act 2018 enacted
- Accounting Developments
- CAQ SEC Regulations Committee releases highlights of March 13, 2018, joint meeting with the SEC staff
- ASU 2018-07: FASB simplifies the accounting for share-based payment arrangements with non-employees
Learn more
- REMINDER: Tax Cuts and Jobs Act signed into law
- Financial Reporting Alert 18-1 – Frequently asked questions about tax reform (updated June 20, 2018)
- Financial Reporting Alert 18-1 – Frequently asked questions about tax reform (updated June 20, 2018)
- A Roadmap to Accounting for Income Taxes
- Deloitte Tax Accounting Conference
July 2018
Recommendations
Tax Accounting Conference
Learn. Grow. Advance.