What's New

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Accounting for Income Tax Uncertainties The Financial Accounting Standards Board (FASB) originally issued FASB Interpretation No. 48, “Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement No. 109,” in June 2006 to address how companies should account for uncertainties in income taxes recognized for financial statement purposes. Prior to that time, the FASB believed that practices for recording the financial statement risk associated with a tax position varied widely.

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Tax Accounting Services

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Are tax accounting vulnerabilities putting your company at risk?

Complying with myriad tax authorities when determining the tax consequences of business transactions is complex enough. Coupling that with the financial statement requirements of accounting for income taxes is enough to give heartburn to any chief financial officer.

Whether your organization is a public company dealing with quarterly reporting and internal control design and documentation or a private entity trying to satisfy lenders and investors, Crowe Horwath LLP can help you navigate the complex world of accounting for income taxes. Our firm’s strong assurance practice (we are one of only eight firms that audit more than 100 public companies) provides solid expertise in the rules of Financial Accounting Standards Board Accounting Standards Codification™ 740, "Income Taxes." Crowe provides a comprehensive suite of tax accounting services, from consulting to cosourcing to full outsourcing, to help meet your needs:

• Interim reporting;
• Intraperiod allocations;
• Income tax uncertainties;
• Deferred tax asset valuation allowances;
• Income tax disclosures; and
• Tax consequences of business combinations and share-based compensation programs.
  

FASB Accounting Standards Codification is a trademark of the Financial Accounting Foundation.