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Complex Provision Process Made Simple With Bloomberg Tax

Learn how Bloomberg Tax Provision helped a global agricultural company save time and effort, and ensure accuracy, by simplifying their approach to tax provisions.

A Guide to FASB Updates to Income Tax Disclosures

Learn how to navigate the accounting standards update proposed by FASB, including changes to income tax disclosure requirements.

How FASB Improvements to Income Tax Disclosures Impact Your Rate Reconciliation Process

Stay up to date on FASB's Exposure Draft and how these proposed changes to income tax disclosures could affect the provision process.

ASC 740 Reporting and Disclosure Requirements

ASC 740 requires extensive disclosures for income tax provision. Learn the disclosure rules for balance sheets, income statements, and uncertain tax positions.

ASC 740 Income Tax Provision Rules for Controlled Foreign Corporations

Learn how controlled foreign corporation income is taxed in the U.S., including how to account for CFC taxable income in the ASC 740 provision calculation.

ASC 740: Uncertain Tax Positions

ASC 740 includes rules for recognizing and measuring uncertain tax positions in a company’s balance sheet and tax provision reporting and disclosures.

Sample: Required ASC 740 Income Tax Provision Disclosures

Browse examples of required ASC 740 income tax provision disclosures, including rate reconciliation, deferred tax assets and liabilities, and footnotes.

When to Recognize a Valuation Allowance for a Deferred Tax Asset

How to evaluate positive and negative evidence to determine if a valuation allowance is needed for deferred tax assets that won’t be recognized.

Example: How Is a Valuation Allowance Recorded for Deferred Tax Assets?

This example demonstrates the key concepts for determining a valuation allowance for a deferred tax asset, and how to account for it in a journal entry.

How ASC 740 Applies to Foreign-Source Income

Learn how foreign-source income and related foreign tax credits affect ASC 740 income tax provision calculations.
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