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 INDIVIDUAL INCOME TAX Form 740 ES 2020

2020-2024 Form

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[Music] this is a step-by-step example of how to prepare a basic asc 740 tax provision before getting into the details i'm showing you on screen the background and assumptions for the sample company in this example now i'm not going to go over these items in detail but you may find it helpful to pause the video and read through them before we go any further now that you understand this company's profile the situation is this year one is ended and it's early to mid january of year two and you've been tasked with preparing the company's tax provision you can't do any meaningful work on the tax provision until you have information on the company's income expenses assets and liabilities so with this in mind your first step is to obtain the latest trial balance of the company from the accounting group now if the final trial balance isn't quite ready that's okay take whatever the accounting group can give you right away so that you can start the tax provision process and then you can update

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