This chapter discusses the presentation and disclosure requirements of ASC 740, Income Taxes, and the applicable SEC requirements (primarily S-X 4-08(h)). This chapter is organized in the following manner:
  • Balance sheet presentation and disclosures for deferred tax accounts
  • Income statement presentation and related disclosures
  • Disclosures for uncertain tax positions
  • Disclosures related to other specific topics affecting income taxes

Note about ongoing standard setting
The FASB has an active project related to income tax disclosure requirements. Financial statement preparers and other users of this publication are therefore encouraged to monitor the status of the project. Once finalized, financial statement preparers and users should evaluate the effective date of the new guidance and the implications on presentation and disclosure.
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