Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

Income Taxes
6 Months Ended
Mar. 31, 2015
Income Taxes [Abstract]  
Income Taxes

Note 6. Income Taxes



The Company's effective tax rates were 31.0% and 38% for the six months ended March 31, 2015 and 2014, respectively.


The Company applies a “more likely than not” threshold to the recognition and nonrecognition of tax positions. A change in judgment related to prior years' tax positions is recognized in the quarter of such change. The Company had no reserve for uncertain tax positions at March 31, 2015 and September 30, 2014. The Company recognizes interest and/or penalties related to income tax matters in income tax expense and in income taxes payable.


The Internal Revenue Service (“IRS”) is currently auditing Alico's tax return for the fiscal year ended September 30, 2013.