The IRS and Treasury rush to clarify uncertainties about repatriation of offshore earnings.
Morgan Stanley, Darden Restaurants also report effects of the tax cuts.
Although the SEC provides guidance, it offers no relief from time pressures.
Performance-based incentive pay programs may be significantly affected by the Tax Cuts and Jobs Act.
Two-thirds of the writedown is due to a provision of the law designed to encourage companies to repatriate funds from overseas.
The bank is joining other companies that are writing down the value of their deferred tax assets in the wake of the U.S. legislation.
S&P estimates the cut in the corporate tax rate will result in an aggregate writedown of about $14 billion of life insurers' deferred tax assets.
The new tax cuts will make winners out of companies with big deferred tax liabilities and losers of those with large tax assets, an expert forecasts.
Fifth Third Bancorp says about 75% of its employees will receive a pay increase or bonus in the wake of the corporate tax cut.
A number of trends are converging, and U.S. tax reform will make navigating them more complex.