16 May 2019

FASB proposes simplifying accounting for income taxes

The Financial Accounting Standards Board (FASB) issued a proposal that would simplify the accounting for income taxes, eliminate some exceptions to the general approach in Accounting Standards Codification 740 and clarify certain aspects of the guidance to increase consistency in how the guidance is applied. The attached To the Point article has details.

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Contact Information
For additional information concerning this Alert, please contact:
 
Tax Accounting and Risk Advisory Services Group
Angela Evans(404) 817-5130
Joan Schumaker(212) 773-8569
George Wong(212) 773-6432

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ATTACHMENT

FASB — proposed guidance

Document ID: 2019-0945