# ASC 740-944-05: Income Taxes — Financial Services—Insurance — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/740/944/#05-overview-and-background)

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## ASC 740-944-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/740/944/#05-overview-and-background)

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##### [740-944-05-1](https://asc.understandingaccounting.org/asc/740/944/#740-944-05-1)

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This Subtopic provides guidance to insurance entities on accounting for and financial reporting of income taxes.