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Scope of this reference
Inspect the standard and the scope used in the teaching material. The verification date describes the stored review.
- Authority
- Financial Accounting Standards Board
- Standard
- ASC Topic 740
- Version
- Codification content as verified 2026-08-08
- Where it applies
- United States GAAP
- Entities covered
- Nongovernmental entities applying US GAAP; tax-paying component, jurisdiction, tax basis, enacted law, reversal, realization, uncertainty, allocation, and disclosure facts evaluated first
- Last source check recorded
- Aug 8, 2026
- Status recorded at review
- current
- Effective from
- Not specified in this record
Inspect the source: FASB ASC Topic 740, Income Taxes
Check the applicable effective dates and later amendments in the source before applying this reference.
Concepts using this reference (31)
- Book-tax difference
- Cumulative-probability tax-benefit measurement
- Current income tax expense or benefit
- Deductible temporary difference
- Deferred tax asset
- Deferred tax asset realization evidence
- Deferred tax asset valuation allowance
- Deferred tax liability
- Deferred tax netting and classification
- Effective tax rate
- Enacted rate change effect
- Enacted tax rate
- Income tax provision
- Income tax provision rollforward
- Income tax rate reconciliation
- Income taxes paid disclosure
- Income taxes payable or receivable
- Intraperiod tax allocation
- More-likely-than-not tax-position recognition
- Net operating loss carryforward
- Outside-basis difference and indefinite-reinvestment boundary
- Permanent difference
- Pretax book income
- Tax basis
- Tax credit carryforward
- Tax effect of an accounting change or error
- Taxable income
- Taxable temporary difference
- Temporary difference
- Uncertain tax position
- Unrecognized tax benefit
Instructional scope
This record supports an ACC 301 sequence from the provision boundary and tax- basis inventory through current tax, temporary differences, gross deferred balances, enacted-rate changes, carryforwards, realization and valuation allowance, uncertain tax positions, intraperiod allocation, entries, presentation, rate reconciliation, taxes paid, and note release.
Standards clock
The current lane incorporates the noncurrent presentation model in ASU 2015-17, the applicable simplifications in ASU 2019-12, and the annual disclosure amendments in ASU 2023-09. The ASU 2023-09 amendments are effective for public business entities for annual periods beginning after December 15, 2024, and for other entities for annual periods beginning after December 15, 2025. The 2025 GAAP Taxonomy implementation guide is nonauthoritative disclosure-modeling context.
Limitations
The record does not interpret tax law, establish a tax basis, select a filing position, forecast future taxable income, validate a tax-planning strategy, conclude on realizability, decide uncertain-position technical merits, approve an indefinite-reinvestment assertion, prepare a return, or provide legal or tax advice.