On August 2nd, the Financial Accounting Standards Board (FASB) released a proposed Taxonomy Implementation Guide, Income Taxes (Topic 740), which is based on the 2024 GAAP Financial Reporting Taxonomy (GRT). The proposed guide is designed to illustrate how income taxes are reported under FASB Accounting Standards Codification Topic 740. Note that it focuses only on detail tagging (Level 4).
To improve the process for creating and using XBRL-structured financial statements, the SEC encourages filers, investors, analysts, software service providers to review the proposed Taxonomy Implementation Guide and submit comments via email to xbrled@fasb.org by September 3, 2024.
Source:
FASB Issues Proposed Taxonomy Implementation Guide for Income Taxes (sec.gov)
Income Taxes (Topic 740)
