[Robert Bentman]

Hey everyone,

I am using Becker and I’m having a lot of trouble for some reason with F6 – accounting for income taxes (deferred taxes, benefits etc.) I try to set up the problems using the diagram that is used in the book with the Income statement on the left, differences in the middle and financial statement on the right. Obviously this is not working for me and I’m not sure why but it is just not clicking. I have re-watched the lecture and I have read the section twice now.

If anybody can please tell me your way of approaching these problems or anything that may help I would greatly appreciate it.

[SkilletCPA]

I believe the left side of the diagram is supposed to be the “Income Tax Return” not the Income Statement as you mentioned.

Left = Income Tax Return x current tax rate

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> Middle = temporary differences x enacted tax rate

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> Right = Financial Statement (or Income Statement)

BEC Pass
AUD Pass
REG Pass
FAR Pass

[Author]

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