Income Tax Accounting Policy
AT&T provides deferred income taxes for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the computed tax basis of those assets and liabilities. The tax basis of assets and liabilities is based on amounts that meet the recognition threshold and are measured in accordance with current standards. AT&T provides valuation allowances against the deferred tax assets for which the realization is uncertain. AT&T reviews these items regularly in light of changes in federal and state tax laws and changes in business.
AT&T reports, on a net basis, taxes imposed by governmental authorities on revenue-producing transactions between AT&T and customers in AT&T's consolidated statements of income.
Certain reclassifications have been made to prior periods to conform with current reporting. On the consolidated balance sheet, income taxes receivable has been reclassified from "Accrued taxes" to "Other current assets."
Source: AT&T Inc., Annual Report
Income Tax Expense (Benefit)
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AT&T Inc., income tax expense (benefit), continuing operations
Source: Based on data from AT&T Inc. Annual Reports
| Item |
Description |
The company |
| Current |
The component of income tax expense for the period representing amounts of income taxes paid or payable (or refundable) for the period for all income tax obligations as determined by applying the provisions of relevant enacted tax laws to relevant amounts of taxable income (loss) from continuing operations. |
AT&T Inc.'s current declined from 2009 to 2010 and from 2010 to 2011.
|
| Deferred, net |
The component of income tax expense for the period representing the net change in the entity's deferred tax assets and liabilities pertaining to continuing operations. |
AT&T Inc.'s deferred, net declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
|
| Income tax expense (benefit) |
The sum of the current income tax expense (benefit) and the deferred income tax expense (benefit) pertaining to pretax income (loss) from continuing operations; income tax expense (benefit) may include interest and penalties on tax uncertainties based on the entity's accounting policy. |
AT&T Inc.'s income tax expense (benefit) declined from 2009 to 2010 but then increased from 2010 to 2011 not reaching 2009 level.
|
Deferred Tax Assets (Liabilities), Net
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AT&T Inc., deferred tax assets (liabilities), net
Source: Based on data from AT&T Inc. Annual Reports
| Item |
Description |
The company |
| Net deferred tax assets (liabilities) |
For entities that net deferred tax assets and tax liabilities, represents the unclassified net amount of deferred tax assets and liabilities as of the balance sheet date, which result from applying the applicable enacted tax rate to net temporary differences and carryforwards pertaining to assets or liabilities. A temporary difference is a difference between the tax basis of an asset or liability and its carrying amount in the financial statements prepared in accordance with generally accepted accounting principles that will reverse in ensuing periods. |
AT&T Inc.'s net deferred tax assets (liabilities) increased from 2009 to 2010 but then declined significantly from 2010 to 2011.
|
