Quarterly Financial Report: U.S. Corporations: All Other Professional and Technical Services, Except Legal Services: Provision for Current and Deferred Domestic Income Taxes
QFRD114549USNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
984.00
Year-over-Year Change
12.71%
Date Range
10/1/2009 - 1/1/2025
Summary
This economic indicator tracks the income tax provisions for U.S. corporations in professional and technical services sectors, excluding legal services. It provides critical insights into corporate tax strategies and financial performance across this specific industry segment.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The trend represents the aggregate tax provisions reported by corporations, including both current and deferred domestic income taxes for professional and technical service firms. Economists use this data to assess corporate financial health, tax planning strategies, and potential economic productivity in knowledge-intensive sectors.
Methodology
Data is collected through quarterly financial reports submitted by corporations and compiled by federal economic tracking agencies.
Historical Context
This metric is used by policymakers, investors, and economic analysts to understand tax dynamics and financial performance in professional service industries.
Key Facts
- Covers professional and technical services excluding legal sectors
- Includes both current and deferred domestic income tax provisions
- Provides quarterly snapshot of corporate tax strategies
FAQs
Q: What does this economic indicator measure?
A: It measures income tax provisions for U.S. corporations in professional and technical service industries, tracking both current and deferred tax obligations.
Q: Why are tax provisions important for economic analysis?
A: Tax provisions reveal corporate financial strategies, potential economic productivity, and provide insights into sector-specific financial health.
Q: How frequently is this data updated?
A: The data is typically updated on a quarterly basis, reflecting the most recent financial reporting periods.
Q: What industries are included in this report?
A: The report covers all professional and technical services sectors, specifically excluding legal services.
Q: How can investors use this information?
A: Investors can assess corporate financial performance, tax efficiency, and potential profitability within professional service industries.
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Citation
U.S. Federal Reserve, Quarterly Financial Report: U.S. Corporations: All Other Professional and Technical Services, Except Legal Services: Provision for Current and Deferred Domestic Income Taxes [QFRD114549USNO], retrieved from FRED.
Last Checked: 8/1/2025