Crowe and TEI present: Uncertain tax positions – ASC 740


ASC 740-10 provides guidance on accounting for uncertain tax positions in the financial statements. In this course we explored the identification of, and accounting for, uncertainty in income taxes using the guidance in ASC 740. 

After reviewing this session, participants should be able to: 

  1. define a tax position and a unit of account, 
  2. apply the 2-step approach to initial recognition and measurement of a tax position, 
  3. notice the rules for subsequent recognition, derecognition and measurement of benefits of tax position, 
  4. apply the rules for reporting and disclosures of uncertain tax positions and 
  5. recognize best practices to identification and documentation procedures
Download presentation slides