This paper is being written for an intermediate accounting course. It needs to be an 8–10-page, double-spaced research paper that adheres to current APA
format. It must include references from at least 5 scholarly resources with a reference page. Again this is for an accounting/finance class. I was leaning
towards the following major points:
• Explain how differences between financial reporting standards and income tax rules might cause the income tax expense and the amount of income tax
paid to differ.
• How might a reduction in future tax rates affect deferred tax assets in a way that reduces current net income?
• What are net operating loss carryforwards and how can they provide cash savings?
Similar points/Subpoints:
*Difference of Taxable Income from Accounting Income
*Income tax payable vs. Income tax expense
*Temporary Difference
*Permanent Difference
*Tax Rate – changes and their effects…