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KPMG report: Simplifications to accounting for income taxes

Simplifications to accounting for income taxes

ASU 2019-12 removes certain exceptions for recognizing deferred taxes for investments, performing intraperiod allocation, and calculating income taxes in interim periods.

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The ASU also adds guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group.


Read a December 2019 report prepared by KPMG LLP

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