Learn how controlled foreign corporation income is taxed in the U.S., including how to account for CFC taxable income in the ASC 740 provision calculation.
Corporations are required to make annual disclosures regarding uncertain tax positions. Public entities are required to make additional interim disclosures.
Explore the income tax provision implications of business combinations, including calculating goodwill and recognizing deferred tax assets and liabilities.
As companies and nations aim to avoid disputes over international taxes, the multilateral instrument (MLI) aims to preserve the role of bilateral income tax treaties in eliminating double taxation worldwide.