Financial Reporting Implications of the Tax Cuts and Jobs Act of 2017

The following resources provide information about the new tax reform legislation:

• US Tax Reform Insights.
• Tax Reform Dbriefs Webcasts
• Financial Reporting Alerts:
  • 18-1, Frequently Asked Questions About Tax Reform (last updated August 30, 2018).
• SAB 118 (Income Tax Accounting Implications of the Tax Cuts and Jobs Act) (issued December 22, 2017).
• FASB Staff Q&As:
  • Topic 740, No. 1: Whether Companies and Not-for-Profit Entities Can Apply SAB 118 (issued January 11, 2018).
  • Topic 740, No. 2: Whether to Discount the Tax Liability on the Deemed Repatriation (issued January 22, 2018).
  • Topic 740, No. 3: Whether to Discount Alternative Minimum Tax Credits That Become Refundable (issued January 22, 2018).
  • Topic 740, No. 4: Accounting for the Base Erosion Anti-Abuse Tax (issued January 22, 2018).
  • Topic 740, No. 5: Accounting for Global Intangible Low-Taxed Income (issued January 22, 2018).