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ASC 740 — Income Taxes


The full text of ASC 740, Income Taxes 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).

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:

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.

Related resources

See our comprehensive collection of news and publications related to income taxes.

International guidance

For the IASB's guidance on this topic, see IAS 12, Income Taxes.