Tax Provision Estimator with Deferred Tax Calculations

Professional Guide

This sheet estimates current and deferred tax provisions by calculating temporary differences between book and tax bases for assets and liabilities. It computes deferred tax assets/liabilities, recognizes valuation allowances when recoverability is uncertain, and aggregates to a provision for income tax. Scenarios for rate changes, jurisdictional splits, and uncertain tax positions (UTPs) are supported. The workbook prepares reconciliations from statutory to effective tax rates and generates disclosure-ready schedules for notes. Maintain a clear audit trail linking adjustments to source schedules and maintain version controls for assumptions during tax audits.