Monthly Archives: February 2011

The Utah R&D Credit – Double Benefit

Utah R&D Credit Mirrors the Federal R&D Credit. The Utah R&D credit is a unique credit within the Utah tax code.  There’s not a lot of detail in the Utah tax code which defines what the credit is or how … Continue reading

Posted in Utah tax credit | 2 Comments

Does your life insurance company qualify for a reduced tax rate?

What tax rate should a small life insurance company use when it records its deferred tax assets and liabilities for GAAP (ASC 740 / FAS 109)?  Enacted vs. effective rate. GAAP generally requires that a small life insurance company compute … Continue reading

Posted in ASC 740, FAS 109, Life insurance | Leave a comment

FIN 48 Leads the way to Schedule UTP

FASB, SEC, and IRS collaboration on tax disclosures. Recently the IRS has begun beating the “increased tax governance and transparency” drum.  The IRS believes it is now their responsibility to call on corporate boards to become more involved in their … Continue reading

Posted in Fin 48, IRS, Schedule UTP | 1 Comment