OB3 Impacts: ASC 740 Implications
December 3, 2025Join the International Tax team from Forvis Mazars for sessions focused on new legislation from the One Big Beautiful Bill Act (OB3 or OBBBA) impacting multinational enterprises (MNEs). These informative presentations are designed to deepen technical understanding and provide practical planning insights for CFOs, VPs of tax, tax directors, controllers, and those seeking to learn more about OB3.
In this session, we’ll focus on critical aspects of income tax accounting under Accounting Standards Codification (ASC) 740. Topics will include recalculations of deferred tax assets and liabilities, rate reconciliation, valuation allowance strategies, and the latest disclosure updates affecting financial reporting.
Learning Objectives
Upon completion of this program, participants will be able to:
- Explain the key components of ASC 740.
- Apply rate reconciliation and allowance strategies to effectively manage income tax accounting impacts for MNEs.
- Identify recent disclosure updates under ASC 740.