Nov 28, 2023 · The portion of the valuation allowance relating to current-year activity is recorded in the AETR. In contrast, the remaining amount, the result of past activity and future forecasts, …

Dec 19, 2023 · Retroactive changes in tax laws or rates are also considered discrete items, and the effect would also be recognized separately in income from continuing operations in the …

Entities are required to account for excess tax benefits and tax deficiencies related to share-based payment awards as discrete items in the period in which they occur (see Section 7.2.4).

Nov 22, 2025 · Discrete items, such as the impact of changes in valuation allowances, uncertain tax positions, and tax rate changes, are explicitly called out as line items in this reconciliation.

Apr 4, 2024 · Discrete items are defined as significant unusual or infrequently occurring items, which may require analysis of the facts and circumstances, as well as the company’s history of …

Mar 23, 2021 · Jenn explains. 10:21 - Discrete items. Kassie shares examples of what qualifies for treatment as a discrete item and the judgment involved. 16:51 - Exceptions and limitations. …

Discrete item means an individual object containing or displaying recorded information that is not part of a larger body of material (e.g., a fonds or collection).

Items unrelated to current period ordinary income or (loss) are recognized entirely in the period identified as a discrete item of tax.

ASC 740-270-30-4, ASC 740-270-30-8, and ASC 740-270-30-12 require entities to account for excess tax benefits and tax deficiencies as discrete items in the period in which they occur …

The adjustment of the beginning-of-year deferred tax balances for the tax rate change would be reflected as a discrete item in the interim period of the enactment.