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Taiwan-Fu-Fu Azienda Directories
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Azienda News:
- Earnings and Profits Computation Case Study - The Tax Adviser
In general, a corporation’s current-year E P is calculated by making adjustments to its taxable income for the year for items that are treated differently for E P purposes A distribution from a corporation is a dividend to the extent of the corporation’s current-year E P and accumulated E P
- Chapter 7 Earnings Profits and Distributions - Franchise Tax Board
E P for tax purposes also rarely equals taxable income because of non-cash deductions (e g , dividend received deductions) and exclusion of specific items of income (e g , federal income tax refund)
- The importance of E P – Will you be paying the right . . . - Cadesky Tax
Income Taxes must be adjusted for temporary and permanent differences between book provisions vs amounts deductible for tax purposes The impact of refundable taxes must also be considered Nondeductible fines penalties are deductible in computing E P as they represent a cash outlay
- Tax Geek Tuesday: Computing Earnings and Profits - Forbes
As federal taxes are never deductible by either an accrual or cash method taxpayer, the courts held that the corporation's method of accounting for income tax purposes was irrelevant in
- DEPARTMENT OF THE TREASURY INTERNAL REVENUE SERVICE
has been advised by her tax return preparer that her proposed tree removal costs are not deductible expenses for tax purposes She questions why these costs are not deductible when costs related to soil conservation are deductible expenses Soil Conservation Costs Under Section 175
- G G Costs | Pittsburgh Tax Services - Schneider Downs
Generally, any geological and geophysical (G G) expenses paid or incurred in connection with the exploration for, or development of, oil or gas within the United States, shall be allowed as a deduction over a 24-month period beginning with the mid-point of the taxable year in which such expenditures were paid or incurred
- 2. 4 Exceptions to the basic principles of ASC 740 - Viewpoint
There are certain situations in which deferred taxes are not provided Some basis differences are not temporary differences because their reversals are not expected to result in taxable or deductible amounts
- Intangible Drilling Costs | IDC Tax Considerations | Denver CPA Firm
Producers don’t need to declare a formal election to fully deduct IDCs; however, it’s still a best practice to include a footnote in the accounting disclosures To deduct IDCs, simply include them on the annual tax return (Form 1040) in the year the costs were incurred
- Oil and gas taxation in the United States
For wells located outside the United States, taxpayers must capitalize IDC and recover the cost over either a 10-year period or, at the taxpayer’s election, through cost depletion Although IDC are capital expenditures, taxpayers (other than integrated oil companies) are allowed to deduct currently such costs associated with domestic wells by
- ATTACHMENT D: TAXATION GUIDELINES FOR WORLDWIDE DECOMMISSIONING
1 2 The cost of decommissioning and remediation is driven by international and national legal frameworks, which define what, when and to what degree the sites need to be reclaimed and
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