Provision

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

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

How to differentiate between an uncertain tax position analysis and a valuation allowance analysis for a deferred tax asset.

Corporations are required to make annual disclosures regarding uncertain tax positions. Public entities are required to make additional interim disclosures.

Understand the two steps for reporting uncertain tax positions, including how to apply the more-likely-than-not standard to the recognition test.

Understand the ASC 740 tax provision, how to calculate the provision for income tax, and find answers to common challenges.

How to account for stock-based compensation under ASC 740, including tax deduction limitations, excess tax benefits, and balance sheet examples.

Explore the income tax provision implications of business combinations, including calculating goodwill and recognizing deferred tax assets and liabilities.

If you’re ready for improved precision and efficiency with tax provision software, this buyer’s guide will help you select the right solution.