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Income Taxes
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6 Months Ended |
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Mar. 31, 2015
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| 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. |
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- Details
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- Definition
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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