Talking Tax Reform: ADIT, Depreciation, and Building Your Solid Foundation

In this episode, Panpilas Fischer returns and is joined by Utility Tax Titan Cavan Hayes to discuss accumulated deferred income taxes (ADIT), the role of depreciation, and the importance of data integrity. They explore the collaboration required between tax and regulatory teams to maintain accurate records and the challenges faced in ensuring that all elements align correctly. The conversation also delves into the evaluation of deferred taxes under APB 11 and FAS 109, as well as the implications of calculating ARAM. Our dynamic tax duo concludes with insights on the importance of maintaining a solid foundation for tax computations, regardless of rate change occurring.