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ASC 740 — Income Taxes

Below is an overview of FASB Accounting Standards Codification Topic 740, Income Taxes, as well as a list of FASB Accounting Standards Updates (ASUs) and proposed ASUs related to this Topic.


ASC 740-10 comprises four Subtopics (Overall, Intraperiod Tax Allocation, Other Considerations or Special Areas, and Interim Reporting). Below is an overview of each Subtopic.


740-10 Overall

ASC 740-10 notes the following:

740-20 Intraperiod Tax Allocation

ASC 740-20 notes the following:

740-30 Other Considerations or Special Areas

ASC 740-30 notes the following:

740-270 Interim Reporting

ASC 740-270 notes the following:

The full text of ASC 740 can be found in the FASB Accounting Standards Codification (link to the FASB's Web site; registration required). Also, the full text of the Codification and Deloitte-authored Q&As related to the Codification are available in Deloitte's Technical Library Web site (subscription required).

Content from the FASB Accounting Standards Codification® included at is copyrighted by the Financial Accounting Foundation, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116, and is reproduced with permission.

FASB Accounting Standards Updates

The following ASUs amended the guidance in this Topic:

Proposed FASB Accounting Standards Updates

No current proposed ASUs on Topic 740.