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The FASB staff discussed its views on four issues related to accounting for the effects of the Tax Cuts and Jobs Act with the FASB and the EITF today and said final Q&A documents will be posted on the FASB website shortly. The FASB also issued a proposal that would require entities to reclassify from accumulated other comprehensive income to retained earnings stranded tax effects resulting from the new federal corporate income tax rate. We have updated our Technical Line, A closer look at accounting for the effects of the Tax Cuts and Jobs Act, to reflect these developments and our discussion of other practice issues.