Accounting rules permit businesses to claim tax breaks even if they are likely to be overturned by tax authorities, legal experts said. Gray areas in the tax code give businesses latitude when calculating their tax breaks, and it’s up to authorities to check them. 1 Tax return $$$$ Unapproved tax break $$$$ Reserve account The clock starts ticking as the company waits for the tax break to be challenged. 1 Tax return $$$$ Unapproved tax break $$$$ Reserve account The clock starts ticking as the company waits for the tax break to be challenged. 1 Tax return $$$$ Unapproved tax break $$$$ Reserve account The clock starts ticking as the company waits for the tax break to be challenged.

Source: Washington Post July 14, 2021 19:52 UTC