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Accounting for income taxes — Intra-entity asset transfers and balance sheet classification of deferred taxes

The objective of this project is to simplify certain aspects of ASC 740, Income Taxes.


Meeting minutes

FASB Board discussions regarding this project are found in the following meeting minutes:

  • June 15, 2016 — The Board redeliberated its proposed ASU Intra-Entity Asset Transfers.
  • October 5, 2015 — The Board discussed comments received on its proposed ASUs related to the accounting for income taxes.
  • October 22, 2014 — The Board made decisions related to its simplification initiative that could affect the accounting for income taxes.
  • August 13, 2014 — The Board added this project to its agenda.


Current status

On October 24, 2016, the FASB issued ASU 2016-16 Intra-Entity Transfers of Assets Other Than Inventory.


Project milestones

Date Development Comments
August 13, 2014 Added to the FASB's technical agenda.
January 22, 2015 Comment deadline May 29, 2015.
November 2015
October 24, 2016


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.