Fas 109

Question

Jul 4, 2009, 07:28 AM

Paulo Oliveira

New Member

Join Date: Jul 2009

Posts: 1

Fas 109

Hi

I am brazilian and I work in america company ... I have doubt about the Fas 109.

I would like to know how I do correct calculate the income tax on Fas 109 .. Have I calculate income tax on calendar or fiscal year ?

I asked about calendar year or fiscal year because of the company had loss in fiscal year however in the calendar year had gain... somebody help me ?

Tks

PS > I am not fluency in english so I believe that the text above it must mistake.

Answers

Jul 6, 2009, 09:31 AM	#2

AtlantaTaxExpert Senior Tax Expert Join Date: Feb 2005 Location: Atlanta, Georgia Posts: 13,247	FAS 109 is an accounting standard used to account for how income taxes affects enterprise activities. You do NOT in any way, shape or form deal with FAS 109 reports unless you are an accountant yourself, which I find unlikely because such a question would not posted on this type of forum.



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!