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This Roadmap provides Deloitte’s insights into and interpretations
of the income tax accounting guidance in ASC 740. The income tax accounting
framework has been in place for many years; however, views on the application of
that framework to current transactions continue to evolve because structures and tax
laws are continually changing. Therefore, use of this Roadmap, though it is intended
as a helpful resource, is not a substitute for consultation with Deloitte
professionals on complex income tax accounting questions or transactions.
The body of this Roadmap combines the income tax accounting rules from ASC 740 with
Deloitte’s interpretations and examples in a comprehensive, reader-friendly format.
The Roadmap reflects Accounting Standards Updates (ASUs) issued by the FASB through
October 2022, and includes pending content from recently issued ASUs. Readers should
refer to the transition guidance in the FASB Accounting Standards Codification or in
the relevant ASU to determine the effective date(s) of the pending guidance.
Each chapter of this publication typically starts with a brief introduction and
includes excerpts from ASC 740 or related guidance, Deloitte’s interpretations of
those excerpts, and examples to illustrate the relevant guidance. Some of the
calculations in the examples use rounded numbers for simplicity. The 2022 edition of
this Roadmap includes new guidance and editorial enhancements to reflect our latest
thinking and input from standard setters and regulators. Appendix J highlights
significant changes made to this publication since issuance of last year’s
edition.