Briefly describe the relevant accounting and tax rules, how the company’s situation fits into those accounting and tax rules.

Accounting for income taxes

Do not list bullet points, or jump to conclusion. Instead, write in a memo format. Talk about the accounting issue, briefly describe the relevant accounting and tax rules, how the company’s situation fits into those accounting and tax rules. Most importantly, how you reach conclusions based on your judgements and evidences.

The attached file (case) is the case you need to read and write one page. The attached file (rules) are the rules to help you write one page.Don’t use outside sources. No need for sources. Write 3 to 4 sentences about the VALUATION ALLOWANCES then the rest of the page write about what is asking in the requirement.