SSAP No. 101 – Income Taxes – Update to Implementation Q & A:
In conjunction with the changes imposed by the Tax Cuts and Jobs Act, SAPWG adopted revisions and updates to the supporting Q & A to SSAP No. 101. The Q&A revisions also include clarifications with respect to deferred tax admittance and the offsetting of deferred tax assets and deferred tax liabilities, with particular emphasis on various handling of items under paragraph 11.c. of SSAP 101. The SAPWG changes do not modify the body of SSAP 101 rules.
You can find more details about other items discussed in our SSAP Chat Summer NAIC SAPWG Meeting article here.