Avoid loss of investor confidence and a drop in stock price with ASC 740 compliance. We invite you to read our resources and contact Our Team of specialists to learn how we can help manage compliance with this complex financial accounting standard.
Tax provision work related to ASC 740 (FAS 109 and FIN 48), accounting for income taxes, requires businesses to analyze and disclose income tax positions and risks. These standards affect all C-corporations required to produce generally accepted accounting principles (GAAP) financial statements. Painstaking attention to detail and deep knowledge are critical to accurately calculate and report income tax provisions and uncertain tax positions resulting from an enterprise’s activities during current and preceding years. Through these efforts, companies are able to recognize current year taxes due or refundable, and manage expected future tax consequences of deferred assets and liabilities.
TaxOps is deeply experienced in every aspect of ASC 740, including:
- Accounting for income tax uncertainties;
- Business combinations;
- Valuation allowances;
- International operations; and
- Sarbanes-Oxley Act 404 documentation; and
- IAS 12, the IFRS equivalent to ASC 740.
Read more about our compliance and provision practice.
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We invite you to call or email one of our ASC 740 specialists to discuss a tax solution that works for your enterprise.
Resources for you
The ASC-740 Fundamentals Series walks readers through a step-by-step process for preparing an income tax
analysis. Everything from basic terminology and definitions through
calculating uncertain income tax positions is covered in this 10-part
The ASC-740 Fundamentals Series walks readers through a step-by-step process for preparing an income tax analysis. Everything from basic terminology and definitions through calculating uncertain income tax positions is covered in this 10-part series.Subscribe »
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Other ASC-740 resources