48, Accounting for
Uncertainty in Income Taxes) should also be discussed.
A lot of what we are trying to do right now is maintain the status quo on accounting for
insurance contracts," he said.
04(3), a taxpayer receives audit protection for the new method of accounting for
taxable years for which a return has been filed as of the date of the closing agreement.
144, Accounting for
the Impairment or Disposal of Long-Lived Assets, and International Accounting Standard (IAS) 35, Discontinuing Operations--and jointly concluded that Statement no.
Taxpayers not currently accounting for
line pack and cushion gas under this guidance may automatically change to a method consistent with the holding in Rev.
97-27, relating to the conditions and procedures for obtaining the Commissioner's consent for a change in a taxpayer's method of accounting for
federal income tax purposes.
Anticipatory or forecasted transactions -- The hedge-accounting difficulties arise when your future transaction is an anticipatory or "forecasted" strategy, because SFAS 52 prohibits hedge accounting for
any hedge of a future transaction that isn't "firm.
Local institutions are the dominant providers of household financial services, accounting for
84 percent (2.
16 and 17 on accounting for
business combinations and goodwill.
123, Accounting for
Stock-Based Compensation (October 1995).
92-20 provides that if the taxpayer timely files a Form 3115 with the National Office, an examining agent may not propose that a taxpayer change the same method of accounting for
a year prior to the year of change prescribed under the procedure.
Since fewer shares are considered outstanding under SOP 93-6 than under the old accounting, earnings per share may increase or decrease under the new rules, even after accounting for
the reduction in net income that stems from adopting the SOP.