Future income taxes are upcoming tax costs or savings due to discrepancies between financial statements and tax returns.

The Financial Accounting Standards Board released a post-implementation review Monday of its revenue recognition standard, reflecting on the benefits and costs of the wide-ranging standard a decade ...

he courts have uniformly held that generally accepted accounting principles (GAAP) are not determinative of tax rules. Whether a taxpayer recognized income for financial statement purposes is ...

Add Yahoo as a preferred source to see more of our stories on Google. (Reuters) -Medical equipment maker Gerresheimer said it has obtained the initial findings from an investigation by an external law ...

Our Federal Tax Group discusses the tax treatment of deferred revenue or advance payments in M&A transactions. The tax treatment of deferred revenue differs from the treatment for financial accounting ...