Question
Given a company with the following information, please help me calculate the deferred tax rollover treatment of R&D credits and FIN 48 uncertain tax position
Given a company with the following information, please help me calculate the deferred tax rollover treatment of R&D credits and FIN 48 uncertain tax position /Valuation allowance:
Taxable income = $0.
Current R&D credits = $100,000
The amount that fails the more likely than not criteria is $25,000
I must include a valuation allowance for the remaining $75,000
In the next year I will have enough income to recognize the entire credit and release the valuation allowance. Can you possibly help me utilizing a spreadsheet?
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
