High-level summaries of emerging issues and trends related to the accounting and financial reporting topics addressed in our Roadmap series, bringing the latest developments into focus. The basics of income tax accounting Under ASC 740, the amount of income tax expense an entity must record in ea...
These approaches are the same as those used to assess the realizability of DTAs in the regular tax system that interact with the corporate AMT (CAMT), as addressed in Section 5.7.1 of Deloitte’s Roadmap Income Taxes. Example Assume the following: Company A operates...