June 29, 2023 EY publication highlights accounting implications of 2023 Q2 income tax developments The Quarterly tax developments for the quarter ended June 30 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 June 13, 2023, except as noted. Highlights of this edition include: — Tax legislation enacted this quarter — Tax legislation and treaties effective this quarter — Other developments to consider for the quarter — Things we have our eyes on — FASB’s proposed improvements to income tax disclosures — Proportional amortization method for equity investments in tax credit programs — — — — — — — — — — — — — — — 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 ———————————————
Published by NTD’s Tax Technical Knowledge Services group; Maureen Sanelli, legal editor ——————————————— Quarterly Tax Accounting Developments for Q2 2023 | |||||||