The total of all deferred tax assets (DTAs) and deferred tax liabilities (DTLs) should be disclosed in an entity's financial statements. The FASB [italics]Accounting Standards Codification[/italics] (ASC) 740, [italics]Income Taxes[/italics], also imposes specific allocation rules of current and deferred tax expense for consolidated groups. Topics covered include FASB ASC 740 developments in the disclosure of DTAs and DTLs, components of income tax expense, and required disclosures for uncertain tax positions.