FASB Interpretation No. 48 (FIN 48) is an interpretation of FASB Statement No. 109 (FAS 109), Accounting for Income Taxes, so the definition of "income tax" found in FAS 109 applies to FIN 48 as well. In a small, informal survey, various tax professionals were asked whether the Michigan Single Business Tax, the Pennsylvania Capital Stock and Franchise Tax (CSFT), and Philadelphia Business Privilege Tax (BPT), among others, should be deemed "income tax" for FAS 109 and FIN 48. Majorities were achieved on most, but the only tax that had a unanimous decision was the Washington Business and Occupation Tax -- 100% responded that it was not an income tax. If the Philadelphia business includes the CSFT and BPT in its FAS 109 calculations, and the other does not, the two could have materially d...
...-tax assets that are dependent on future income or future events, institution, permanent capital, ... comprehensive income? contained in the Statement of Financial Accounting Standards No. 130, as prom...
... principally passive or related-party income on their pro rata share of the corporation's earni.... Definition of a PFIC . A foreign corporation is treated as a ... with a "PFIC Annual Information Statement" ("Annual Statement"). This statement must contain...
... 6 years when a taxpayer "omits fromgross income an amount properly includible therein which is in ... clause (i), the generalstatutory definition of "gross income" requires subtractingthe cost fro... of basis, and the resulting under-statement of gross income, do not trigger the extendedlimita...
Business operations produce financial results that must be captured and disseminated to a wide variety of internal and external users. The challenges associated with accurate, timely financial reporting are apparent from the number of accounting scandals uncovered during the past few years. One information technology solution that may aid business and financial reporting is Extensible Business Reporting Language (XBRL). XBRL is an Extensible Markup Language (XML) application developed for reporting business and financial results through the World Wide Web. When XBRL is applied to a specific reporting context, the core components of the application compose what is termed a taxonomy. An XBRL taxonomy encompasses the components that must be present to describe, validate, relate, and proces...
... financial reporting contexts, including income statements and balance sheets; internal accounting... linkbase, calculation linkbase, definition linkbase, reference linkbase, and label linkbase. ...
... related activities, AIG revised its definition of after-tax operating income (loss) (formerly adj... a manner most meaningful to financial statement users. AIG's definition of after-tax operating inc...
... to generate significant positive net income for the quarter, and for the first time, for the f... launch of the Hallmark Channel in high definition. The costs of termination were approximately $4.7 ... the estimated AMT in its consolidated statements of operations as it is not likely that any benefit...
...* SunAmerica operating income was $444 million for the third quarter of 2011, co... projections, goals, assumptions, and statements which may constitute "forward-looking statements" ...-related activities, AIG revised its definition of after-tax operating income (loss) (formerly adj...
... poor credit histories and those with low-incomes. Banks and other financial institutions have incre... is that there is no consensus on a definition of predatory lending. Engel and McCoy (2001) provi... using balance sheet and income statement data. . Second, this paper relies on some unique d...
...Income tax benefit was $191.7 million for the quarter end... Hallmark Channel in both high definition (HD) and standard definition (SD) to 87 million su...Forward-looking Statements . Statements contained in this press release may c...
ver las páginas en versión mobile | web
ver las páginas en versión mobile | web
© Copyright 2012, vLex. All Rights Reserved.
Contents in vLex United States
Explore vLex
For Professionals
For Partners
Company
Other interesting searches:
Pietro Candela | Cswitch Corporation | President Broadwater Hotel, LLC | Jon Corzine | Job vacancy | Quiebra a pedido de acreedor | question prejudicielle france | ocioso | correo terra | odette alegria
