Provision to return differences

German translation: Rückstellungen für Steuernachzahlungen

19:04 May 30, 2018
English to German translations [PRO]
Bus/Financial - Accounting
English term or phrase: Provision to return differences
Der Begriff ist aus einem Konzernabschluss in einer Tabelle.

Die Zeile darüber ist:
Transaction costs

Und die Zeile darunter:
IRS audit.

Rückstellung für Ertragsdifferenzen?

Die Beschreibung der Tabelle ist:
The reconciliation of the statutory tax rate to the effective tax rate in relation to income before income taxes from continuing operations is as follows
Bernhard Kopf
Local time: 07:41
German translation:Rückstellungen für Steuernachzahlungen
Explanation:
“Return” bezieht sich auf Income Tax „Return“
“Provision to Return Differences
It is important for companies to analyze provision to return (PTR) differences. Since the income tax provision is an estimate, differences often exist when comparing the taxes reported in subsequently filed tax returns. Companies should account for these differences when preparing the following year’s income tax provision. The goal should be to minimize the needed PTR adjustment. Given a large enough adjustment, the question arises whether a financial statement restatement is needed.”
http://holtzmanpartners.com/5-key-income-tax-provision-issue...

Rückstellungen für ungewisse Verbindlichkeiten
Rückstellungen werden für künftige Verpflichtungen gebildet, die der Höhe und Fälligkeit nach zum Zeitpunkt der Bildung unbekannt sind.[…]. Angesetzt werden sie z.B. für Steuernachzahlungen, Prozessrisiken, Eventualverbindlichkeiten.
https://www.rechnungswesen-portal.de/Fachinfo/Rueckstellunge...
Selected response from:

Johanna Timm, PhD
Canada
Local time: 22:41
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
3Rückstellungen für Steuernachzahlungen
Johanna Timm, PhD


  

Answers


21 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
provision to return differences
Rückstellungen für Steuernachzahlungen


Explanation:
“Return” bezieht sich auf Income Tax „Return“
“Provision to Return Differences
It is important for companies to analyze provision to return (PTR) differences. Since the income tax provision is an estimate, differences often exist when comparing the taxes reported in subsequently filed tax returns. Companies should account for these differences when preparing the following year’s income tax provision. The goal should be to minimize the needed PTR adjustment. Given a large enough adjustment, the question arises whether a financial statement restatement is needed.”
http://holtzmanpartners.com/5-key-income-tax-provision-issue...

Rückstellungen für ungewisse Verbindlichkeiten
Rückstellungen werden für künftige Verpflichtungen gebildet, die der Höhe und Fälligkeit nach zum Zeitpunkt der Bildung unbekannt sind.[…]. Angesetzt werden sie z.B. für Steuernachzahlungen, Prozessrisiken, Eventualverbindlichkeiten.
https://www.rechnungswesen-portal.de/Fachinfo/Rueckstellunge...


Johanna Timm, PhD
Canada
Local time: 22:41
Native speaker of: Native in GermanGerman
PRO pts in category: 28
Notes to answerer
Asker: Vielen Dank für die Hilfe! Das ist toll!

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