How to accurately compute corporate earnings and profits

10/8/2013 | Tax Adviser, The

Earnings and profits are important for C corporations in determining the treatment of many corporate transactions. Unfortunately, many corporations don't keep an up-to-date, accurate accounting of the E&P. This case study looks at how to calculate current and accumulated E&P. The AICPA has developed a practice guide that practitioners can use to assist with computing a corporation’s earnings and profits.

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Tax Adviser, The

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