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Corporate tax provision rollforward (current/deferred) from TB

Creates a provision rollforward including current tax, deferred tax, and rate reconciliation drivers. Useful for quarterly close and audit support.

Build a corporate income tax provision rollforward for {period_end_date}.

Inputs:
- Jurisdiction and statutory rate(s): {statutory_rates}
- Pre-tax book income by jurisdiction (if available): {pretax_by_jurisdiction}
- Temporary differences detail: {temporary_differences}
- Deferred tax balances beginning: {begin_dta_dtl}
- Valuation allowance policy and indicators: {valuation_allowance_info}
- Credits/NOLs: {credits_nols}

Deliver:
1) Current tax calculation summary (with assumptions).
2) Deferred tax rollforward by temporary difference category.
3) Effective tax rate reconciliation narrative (key reconciling items).
4) Journal entry for provision (current + deferred) and supporting schedules.
5) Audit-ready notes: uncertain items, valuation allowance signals.

If inputs are insufficient, list what’s missing and propose a minimum viable approach.

Related Prompts

Tax

Beginner

Corporate tax return workplan and data request list

Creates a corporate tax return workplan and a targeted data request list tied to key schedules. Useful for tax seniors coordinating compliance and ensuring completeness.

GPT-5.2 Thinking; GPT-4.1; o3-mini

Tax

Intermediate

Book-to-tax reconciliation (M-1/M-3 style) with JE suggestions

Builds a book-to-tax reconciliation and identifies permanent/temporary differences with documentation notes. Useful for tax provision and return preparation.

GPT-5.2 Thinking; GPT-4.1; o3-mini

Tax

Intermediate

Depreciation book vs tax (MACRS/IFRS) schedule tie-out

Compares book depreciation to tax depreciation, identifies differences, and prepares supporting schedules. Useful for both compliance and provision teams.

GPT-5.2 Thinking; GPT-4.1; o3-mini