Page 140 - International Taxation IRS Training Guides

Summary

review a company’s financial
 Issue teams may

income tax footnote as a part of the
statement
risk analysis in an examination.
preliminary

 Reviewing a company’s financial
statement income tax

footnote and ETR will
assist in identifying helpful
information about a company’s
tax planning strategies.

 Although no tax audit adjustments can be proposed

simply from
reviewing the income tax footnote,

tax planning strategies is
understanding a company’s

key to issue identification.

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