Accounting for income taxes in interim periods: back to basics

PwC's accounting podcast · Mar 23, 2021 · 28m

As we wrap up the first quarter of the new year, join host Heather Horn and PwC tax specialists, Jenn Spang and Kassie Bauman, as they discuss some of the key considerations and complexities in accounting for income taxes during interim periods.Topics include:0:51 - How it works. We begin with an overview of how to calculate a quarterly income tax provision, including how to estimate the annual effective tax rate (AETR). 7:39 - Ordinary income. What does ordinary income mean in the context of your interim tax provision? Jenn explains.10:21 - Discrete items. Kassie shares examples of what…