deferred tax assets Archives - CFO

IRS Guidance on Exec Comp Changes Falls Short

IRS Guidance on Exec Comp Changes Falls Short

A notice on how to apply tax-deductibility changes included in the recent tax-reform law may leave open more questions than it answers.

By David McCann | August 24, 2018

Fannie Mae Takes $9.9B Hit From Tax Law

Fannie Mae Takes $9.9B Hit From Tax Law

The writedown will require the mortgage giant to seek a $3.7 billion cash infusion from the Treasury, its first draw since 2012.

By Matthew Heller | February 14, 2018

FASB Seeks Rescue of Stranded Taxes

FASB Seeks Rescue of Stranded Taxes

Under a Financial Accounting Standards Board proposal, companies could reflect the effects of the new 21% rate on their balance sheets.

By David Katz | January 24, 2018

Tax Law Knocks American Express Into the Red

Tax Law Knocks American Express Into the Red

The company posted its first net loss in a quarter of a century but adjusted earnings and revenue beat analysts' estimates.

By Matthew Heller | January 19, 2018

Citigroup Takes $22B Charge on Tax Law Adjustments

Citigroup Takes $22B Charge on Tax Law Adjustments

The bank's earnings excluding the tax items beat estimates, with consumer banking posting a particularly strong quarter.

By Matthew Heller | January 17, 2018

GM’s Streak of Profit Growth to End This Year

GM’s Streak of Profit Growth to End This Year

The automaker expects to return to growth in 2019 as its new range of high-margin trucks goes into production.

By Matthew Heller | January 16, 2018

JPMorgan Takes $2.4B Charge Due to Tax Law

Investment Banking

JPMorgan Takes $2.4B Charge Due to Tax Law

The bank's Q4 adjusted earnings beat analysts' estimates and it expects the tax cuts will boost profits "in 2018 and beyond."

By Matthew Heller | January 12, 2018

Deutsche Bank Expects $1.8B Tax Act Writedown

Deutsche Bank Expects $1.8B Tax Act Writedown

Morgan Stanley, Darden Restaurants also report effects of the tax cuts.

By David Katz | January 8, 2018

Goldman to Take $5B Charge From New Tax Law

Goldman to Take $5B Charge From New Tax Law

Two-thirds of the writedown is due to a provision of the law designed to encourage companies to repatriate funds from overseas.

By Matthew Heller | December 29, 2017

Tax Bill Forces Barclays to Take $1.2B Charge

Tax Bill Forces Barclays to Take $1.2B Charge

The bank is joining other companies that are writing down the value of their deferred tax assets in the wake of the U.S. legislation.

By Matthew Heller | December 27, 2017

Deferred Taxes Could Drive Big Earnings Swing

Deferred Taxes Could Drive Big Earnings Swing

The new tax cuts will make winners out of companies with big deferred tax liabilities and losers of those with large tax assets, an expert forecasts.

By David Katz | December 22, 2017

How Tax Bills Could Impact Company Finances

How Tax Bills Could Impact Company Finances

Here are five key aspects of the tax bills introduced in Congress that CFOs should start thinking about now.

By Anthony DiGiacinto and Murray Solomon | November 15, 2017

What a Corporate Tax Cut Might Mean to Your Company

What a Corporate Tax Cut Might Mean to Your Company

How to estimate the effects of a tax cut on your company's deferred taxes.

By Mark E. Haskins and Paul J. Simko | July 20, 2017

SEC Comment Letters Spur Corporate Tax Compliance

SEC Comment Letters Spur Corporate Tax Compliance

Close to 500 firms that received a comment letter regarding tax disclosures increased their provision for income taxes the following year.

By Sean Allocca | November 21, 2016

Tax Benefit Jacks Up Goodyear Tire Earnings

Tax Benefit Jacks Up Goodyear Tire Earnings

In addition to the one-time credit, the tire company says it won't have to pay cash taxes in the U.S. for five years.

By Matthew Heller | February 17, 2015