{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/740/10/#sec-55-implementation-guidance-and-illustrations","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":"740","topic_title":"Income Taxes","subtopic":"740-10","subtopic_title":"Overall","section":{"number":"S55","label":"SEC 55 Implementation Guidance and Illustrations","anchor":"sec-55-implementation-guidance-and-illustrations","is_sec":true,"groups":[{"block":null,"heading":"Statutory to Effective Tax Rate Reconciliation","paragraphs":[{"citation":"740-10-S55-1","para":"S55-1","html":"See paragraph 740-10-S99-1, SAB Topic 6.I.1, for SEC Staff views on the rate used in the federal income tax rate to effective tax rate reconciliation. See paragraph 740-10-S99-1, SAB Topic 6.I.2, for SEC Staff views concerning required disclosures pertaining to the income taxes of an equity method investee. See paragraph 740-10-S99-1, SAB Topic 6.I.3, for SEC Staff views on disclosures when certain items are presented net of tax on the income statement. See paragraph 740-10-S99-1, SAB Topic 6.I.4, for SEC Staff views on whether a reconciliation of a tax recovery is required in a loss year. See paragraph 740-10-S99-1, SAB Topic 6.I.5, for SEC Staff views on required disclosures for foreign registrants. See paragraph 740-10-S99-1, SAB Topic 6.I.6, for SEC Staff views on the necessity of a reconciliation of certain securities gains and losses to the statutory federal income tax rate. See paragraph 740-10-S99-1, SAB Topic 6.I.7, for SEC Staff views on whether an overall presentation is acceptable when income tax expense is allocated to more than one caption in the financial statements. See paragraph 740-10-S99-2A, SAB Topic 5.EE, for SEC Staff views on income tax accounting implications of the Tax Cuts and Jobs Act.