SEC Guidance for Accounting Impacts of the Tax Cuts and Jobs Act

By | December 28, 2017

I’m sure these are necessary for many of you. Enjoy.

SAB 118: “[E]xpresses views of the staff regarding application of U.S. GAAP when preparing an initial accounting of the income tax effects of the Act.”

Compliance and Disclosure Interpretation 110.02: “[E]xpresses views of the staff regarding the applicability of Item 2.06 of Form 8-K with respect to reporting the impact of a change in tax rate or tax laws pursuant to the Act.”