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Essential ASC-740 Resources

Avoid loss of investor confidence and a drop in stock price with ASC 740 compliance

Better manage your risk

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.

Read our resources and contact Our Team of specialists to learn how we can help manage compliance with this complex financial accounting standard.

Leverage our experience

Accounting for income taxes is detail-oriented, complex and time-consuming. We can take the hassle and guess work out of ASC 740 and its many provisions, including:

  • Accounting for income tax uncertainties
  • Business combinations
  • Valuation allowances
  • International operations
  • Sarbanes-Oxley Act 404 documentation
  • IAS 12, the IFRS equivalent to ASC 740

We're here to help

Call or email your TaxOps’ advisor or Brian Amann at 720.227.0062 or

Read more about our federal compliance and provision practice.

TaxOps Compliance and Provision Brian Amann (209 KB)

Dig deeper

Subscribe to the ASC 740 Fundamentals Series

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

A Closer Look at ASC 740: Accounting for Income Taxes

Explore how accounting for uncertain tax positions can reduce your tax risk, smooth out tax liabilities, and improve financial statement transparency in A Closer Look at ASC 740: Accounting for Income Taxes.

Even more ASC-740

Accounting Today made a great choice by picking TaxOps as a best firm to work for, and for the same reasons it is a great firm to work with. They are focused on the process of doing what is right for their firm and the customers they support. Thanks Brian for sharing your insights and passion for creating a challenging and fun work environment.

Lowell Wightman, President, Sports & Executive Performance Coach, 360 Mindset