02 April 2020

EY publication highlights accounting implications of 2020 Q1 tax developments

EY publication highlights accounting implications of 2020 Q1 tax developments

The Quarterly tax developments for the quarter ended March 31 is attached below. Prepared by Ernst & Young LLP's Tax Accounting group, this publication provides a quarterly overview of enacted tax legislation, as well as regulatory developments and other items through March 30, 2020. Highlights of this edition include:

 — Tax legislation enacted in the first quarter

 — Tax legislation effective in the first quarter

 — Other developments

 — Things we have our eyes on

 — Income-tax relief that has been provided or proposed worldwide in response to the COVID-19 pandemic and that may have income tax accounting implications under ASC 740

 — Income tax treaties effective in the first quarter

———————————————
RELATED RESOURCES

— For more information about EY's Tax Accounting services, visit us at www.ey.com/US/TaxAccounting
— For more information about EY's Tax Accounting University education program for clients, visit us at www.ey.com/TAU

———————————————

Contact Information
For additional information concerning this Alert, please contact:
 
Tax Accounting and Risk Advisory Services
   • Angela Evans (angela.evans@ey.com)
   • Joan Schumaker (joan.schumaker@ey.com)
   • George Wong (george.wong@ey.com)

———————————————
ATTACHMENT

Quarterly Tax Accounting Developments for Q1 2020

Document ID: 2020-0843