Category Archives: ASC 740

Does your life insurance company qualify for a reduced tax rate?

What tax rate should a small life insurance company use when it records its deferred tax assets and liabilities for GAAP (ASC 740 / FAS 109)?  Enacted vs. effective rate. GAAP generally requires that a small life insurance company compute … Continue reading

Posted in ASC 740, FAS 109, Life insurance | Leave a comment