# ASC 270-740-50: Interim Reporting — Income Taxes — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/270/740/#50-disclosure)

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## ASC 270-740-50: 50 Disclosure

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#### Variations in Customary Income Tax Expense Relationships

##### [270-740-50-1](https://asc.understandingaccounting.org/asc/270/740/#270-740-50-1)

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Application of the requirements for accounting for [income taxes](https://asc.understandingaccounting.org/glossary/i/#income-taxes "Domestic and foreign federal (national), state, and local (including franchise) taxes based on income.") in interim periods may result in a significant variation in the customary relationship between income tax expense and pretax accounting income. The reasons for significant variations in the customary relationship between income tax expense and pretax accounting income shall be disclosed in the interim period financial statements if they are not otherwise apparent from the financial statements or from the nature of the entity's business.