4 ms·
GAAP earnings are not necessarily the same as earnings for taxes. IANA tax lawyer, but I don't think you get a tax break on the write down unless you shut down
by tomkarlo 14y ago
GAAP earnings are not necessarily the same as earnings for taxes. IANA tax lawyer, but I don't think you get a tax break on the write down unless you shut down the acquired business entirely. Otherwise it would be too easy to game your taxes simply by declaring these kinds of goodwill write downs.