Discussion:Accounting for income taxes

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Discussion Forum Index --> Accounting Questions --> Accounting for income taxes

Bbackues (talk|edits) said:

3 November 2006
I have a C corp that got killed in losses the first year as a C corp (converted from S corp); the loss is over $300K...what entries do I need to make (if any) to account for the tax benefit? any specific place I can go for guidance?

thanks in advance

Natalie (talk|edits) said:

November 3, 2006
SFAS 109, Accounting for Income Taxes. The full text is available online at http://www.fasb.org/st/#fas109.

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