ASC-740

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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

Dig deeper

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Even more ASC-740

Schedule UTP (Form 1120)

Instructions for Schedule UTP (Form 1120) 

Frequently Asked Questions on Schedule UTP

IRS Schedule UTP Guidance for Preparing Concise Descriptions


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