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Tax Provision Process

The endgame of a tax provision is clear—to produce the income tax components of a company’s financial statement. However, how you get here is a bit murkier. So how does a company actually go about completing a tax provision and generating the necessary output for a financial statement?

The Income Tax Provision

What are income tax provisions? Why are they so important for companies? Here, we deliver a big-picture overview of income tax provisions—and how to get them right.