BDO Knows: ASC 740 - December 2014

The following Income Tax Accounting Q&A thought leadership piece addresses the main tax compliance and reporting requirements for businesses and the United States Generally Acceptable Accounting Principles implications (i.e., financial reporting aspects). This resource helps answer questions like, "What are the key tax provisions covered by the Regulations?" and "What are the financial reporting considerations and implications from the Regulations' tax elections and accounting method changes?"