Page 113 - International Taxation IRS Training Guides

What are Standard
Sections of

an Income
Tax Footnote?

US GAAP Tax Footnote Contains:

Expense
 Schedule of Income Tax

 Schedule of
Deferred Tax Assets and Liabilities

 Rate Reconciliation Schedule

 Other tax
attributes

 Uncertain Tax Positions
– Portions of FASB ASC
Subtopic 740-10 (formerly FIN
48, Accounting for
Uncertainty
in Income Taxes)

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