This episode demonstrates how the prior year return to provision calculation effects the current and deferred tax provisions for both Federal and state. Key emphasis focuses on determining which items effect the deferred tax rollforward schedule as well as how to treat the RTP in the current provision. The video also examines the common mistakes and pitfalls of identifying RTP items.
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Tax Provision Basics: Return to Provision (On-Demand Webinar)
- On Demand Webinar