deferred tax assets
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.
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.
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.
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.
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.
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.
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."
Deutsche Bank Expects $1.8B Tax Act Writedown
Morgan Stanley, Darden Restaurants also report effects of the tax cuts.
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.
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.
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.