...Adam J. Olson; Paul Ordyna ABSTRACT Accounting for income tax (AFIT) problems are among the most common and persistent of accounting problems. We examine boards’ reactions to AFIT accounting problems compared to reactions to problems originating from other areas of accounting. Specifically, we...

...Jennifer L. Brown; K. C. Lin; Jared A. Moore; Laura A. Wellman ABSTRACT This study examines the impact of tax policy uncertainty (TPU) on analysts' forecasts and managers' interim estimates of effective tax rates (ETRs). We adopt a broad definition of TPU that encompasses both the legislative...

...Thomas R. Kubick; Thomas C. Omer; Xiao Song ABSTRACT We use a regulatory shock to examine whether the prospect of short selling affected tax disclosures. From May 2005 to August 2007, the Securities and Exchange Commission initiated a pilot program under Regulation SHO, temporarily exempting one...

...Sangwan Kim; Andrew P. Schmidt; Kelly Wentland ABSTRACT This paper investigates the extent to which analysts incorporate tax-based earnings information into their earnings forecasts relative to other earnings information. We find that analysts' misreaction to tax-based earnings information...

...Scott J. Boylan ABSTRACT This paper provides evidence on the effects of tax rate transparency on the decisions of individuals who transact in a competitive environment. In a series of experimental markets, participants were required to generate after-tax trading profit sufficiently large...

...G. Ryan Huston; Thomas J. Smith ABSTRACT This paper extends prior stock option literature by examining the impact of individual and corporate tax incentives on the decision to hold or sell shares acquired through the exercises of incentive stock options (ISOs) and non-qualified stock options...