Tax Accounting Policy

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Tax Accounting Policy Page 1
Essential Tax Accounting Guidelines for U.S. Companies

This tool contains two sample policies that establish uniform procedures for recording and filing U.S. taxes for a company.

In this sample, the corporate tax division evaluates the tax ramifications of the global organizational structure and ensures its efficiency given existing corporate drivers. The VP of tax, corporate counsel, CFO and VP, and corporate controller coordinate legal entity changes before they are finalized. The legal department is responsible for processing changes to the global legal entity organization chart. Foreign (statutory) income tax returns, federal and state income/franchise tax returns, sales/use, and property tax returns are required to be reviewed and approved by the corporate tax department prior to filing.

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