Epstein Index›Documents›EFTA00861227
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Epstein File EFTA00861227: Allowance (DS9)

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This document contains financial statement guidance regarding valuation allowances used to reduce the value of US tax assets when there is little expectation of future profitability. It appears to be an excerpt from tax or accounting guidance with no specific names, dates, or financial amounts disclosed.

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If there is little expectation of future profitability, your financial statements must provide for a valuation **allowance** to reduce the value of US tax

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