The course examines the statutory income tax guidance in SSAP 101, including a discussion of tax asset realizability and a walkthrough of the admissibility test for deferred tax assets.

Upon successful completion of this course, the learner should be able to:

• Identify reasons for the evolution of statutory tax guidance
• Identify the key elements of current income taxes
• Recognize the components of statutory deferred tax accounting and reporting guidance
• Identify the basic steps involved in calculating admitted deferred tax assets
• Recognize other income tax reporting issues

Who Should Attend: Those who need a better understanding of tax reporting and the mechanics of SSAP 101

Prerequisites and Advance Preparation: Attendees should have a basic understanding of the insurance taxation and how to read the Annual Statement. No advance preparation is required for this webinar.

Program Level: Intermediate

Field of Study: Taxation

NASBA Publication/Revision Date: May 2024