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Where can I find the amount of income taxes paid by a corporation?

Author:
Harold Averkamp, CPA, MBA

Definition of Income Taxes Paid by a Corporation

The amount of income tax paid by a corporation is different from the amount of income tax (income tax provision, income tax expense) that is reported on a regular corporation’s income statement.

US GAAP requires corporations to report/disclose the amount of income taxes paid (as well as the amount of interest paid).

Example of Where the Income Taxes Paid is Reported

The amount of income taxes paid by a corporation is typically shown at the bottom of the statement of cash flows or in the corporation’s notes to the financial statements.

For U.S. corporations whose stock is publicly-traded, you will find the statement of cash flows included in its Form 10-K, which is the annual report to the Securities and Exchange Commission (SEC).

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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