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

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.”
https://www.sec.gov/interps/account/staff-accounting-bulletin-118.htm

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.”
 https://www.sec.gov/divisions/corpfin/guidance/8-kinterp.htm#110.02

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