ASC 740 Tax Provision Tools and Resources

From accounting for net operating losses to business combinations, Bloomberg Tax Provision covers the needs of accounting and tax professionals. Learn more about how to calculate your ASC 740 tax provision accurately and efficiently with in-depth articles, how-to videos, and the most powerful tax provision software on the market.

How-to articles and webinars

Provision for income taxes

ASC 740 Framework

How are state income taxes accounted for under ASC 740

State income tax provision

State income taxes are generally deductible expenses for federal tax purposes, so they impact accounting for income taxes under ASC 740.

Article: How ASC 740 applies to state income taxes

Webinar: States Overview

chart controlled foreign corporations

Foreign tax provision

Accounting for income taxes under ASC 740 is evolving due to changes in how federal and foreign governments levy taxes on worldwide income.

Article: How ASC 740 applies to foreign tax provisions

Webinar: International – Foreign Branches

asc 740 gilti foreign tax credit calculation formula

Uncertain tax positions

ASC 740 prescribes a framework for dealing with uncertain tax positions (UTPs) and any related uncertain tax benefits (UTBs) that arise.

Webinar: Uncertain Tax Benefits Overview – Foreign

Webinar: Uncertain Tax Benefits Overview – Domestic

Valuation allowance

A valuation allowance is recorded against a deferred tax asset if it is not more likely than not that the deferred tax asset will be realized.

Webinar: Valuation Allowances

table of components of tax deductible goodwill in a business combination
interim reporting
stock based compensation

Customer success stories

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