{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/272/10/#60-relationships","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"272","topic_title":"Limited Liability Entities","subtopic":"272-10","subtopic_title":"Overall","section":{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Income Taxes","paragraphs":[{"citation":"272-10-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">For guidance on recognizing the financial statement effects of a tax position, see paragraph <a href=\"/asc/740/10/#740-10-25-6\" class=\"xref\">740-10-25-6</a>.</div></div>","snippet":"For guidance on recognizing the financial statement effects of a tax position, see paragraph 740-10-25-6.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe31e5d450aa09f8577f13bfcde395902e2be5fac41c359c40013246d65893b3","downloaded_from":"2026-09-09T23:21:20.487Z","last_downloaded_at":"2026-09-09T23:21:20.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482963","source_sha256":"3539239fe69725b84c5f3360f41c86bfcf1cbc42e87355a18cf9148061be6d93"}},{"citation":"272-10-60-2","para":"60-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_820576CF-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on recognizing a deferred tax liability or asset for temporary differences at the date that a nontaxable entity becomes a taxable entity, see paragraph <a href=\"/asc/740/10/#740-10-25-32\" class=\"xref\">740-10-25-32</a>. </span></span></div></div>","snippet":"For guidance on recognizing a deferred tax liability or asset for temporary differences at the date that a nontaxable entity becomes a taxable entity, see paragraph 740-10-25-32.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:14d4296a55155c4608d7ed67c5f066c9935943492a92ebbdc2693a063fc81e41","downloaded_from":"2026-09-09T23:21:20.487Z","last_downloaded_at":"2026-09-09T23:21:20.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482963","source_sha256":"3539239fe69725b84c5f3360f41c86bfcf1cbc42e87355a18cf9148061be6d93"}},{"citation":"272-10-60-3","para":"60-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_82057808-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, see paragraph <a href=\"/asc/740/10/#740-10-50-9\" class=\"xref\">740-10-50-9</a>. </span></span></div></div>","snippet":"For guidance on adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, see paragraph 740-10-50-9.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7f647967f351826cfbdf024fc7e44d80f1df6bfa664e4e0e676038245564dde","downloaded_from":"2026-09-09T23:21:20.487Z","last_downloaded_at":"2026-09-09T23:21:20.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482963","source_sha256":"3539239fe69725b84c5f3360f41c86bfcf1cbc42e87355a18cf9148061be6d93"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2efa7d67804762eeba14b5e303654b1727963accad5ff387d50a71da906f7d3a","downloaded_from":"2026-09-09T23:21:20.487Z","last_downloaded_at":"2026-09-09T23:21:20.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482963","source_sha256":"3539239fe69725b84c5f3360f41c86bfcf1cbc42e87355a18cf9148061be6d93"}},{"block":null,"heading":"Business Combinations","paragraphs":[{"citation":"272-10-60-4","para":"60-4","html":"<div class=\"asc-body\"><div class=\"norm-text\">For guidance on common control transactions, see Subtopic <a altsource=\"GUID-F72CB2F1-91E3-4F1A-8D08-7524F4124764.ditamap\" class=\"ditamap\">805-50</a>.</div></div>","snippet":"For guidance on common control transactions, see Subtopic 805-50.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0acaa8a488477a69ded24ea938b9a7073db3b8c65a309b8ef0ec1c56a0874d01","downloaded_from":"2026-09-09T23:21:20.487Z","last_downloaded_at":"2026-09-09T23:21:20.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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