What it is
The balance sheet carries current income taxes as a payable or a prepaid by jurisdiction. A rollforward shows how each balance moved: the provision, true-ups, payments, extension payments and refunds.
The workbook has 15 jurisdiction rows with beginning balance (payable positive, prepaid negative), current provision, true-up, estimated and extension payments, refunds, ending balance, the general ledger balance and the difference. It ties provision and true-up to current tax expense in the provision and shows each balance as payable or prepaid.
When to use it
- Quarter-end and year-end tax closes.
- Preparing the audit support for income taxes.
- Reconciling tax accounts to the return.
What’s inside
- 15 jurisdiction rows with the full rollforward
- Ledger balance and difference columns
- Payable or prepaid presentation
- Tie-out to current tax expense
Standard cited
This template follows ASC 740. It is written in our own words, except for phrases the standard requires the document to contain, with [bracketed placeholders] for client details, amounts in USD and dates as MM/DD/YYYY. Check it against the current standard and your firm’s methodology before use.
Questions
How are prepaids shown?
As negative balances. Presentation shows each row as payable or prepaid.
Does it include deferred taxes?
No. See the deferred tax rollforward in this library.
Where do interest and penalties go?
In a separate row if you record them in a separate account.
Related templates
- Income Tax Provision Workbook (ASC 740)
- Deferred Tax Rollforward and Valuation Allowance Worksheet
- Rate Reconciliation Template (ASC 740)
- Uncertain Tax Positions Rollforward (ASC 740-10)
Last updated 11/05/2026. All free templates.