State of the States: FIN 48--Uncertain Tax Positions in the State Arena

Ertmer, Brian; Sash, Robert
January 2007
Journal of State Taxation;Jan/Feb2007, Vol. 25 Issue 2, p15
Academic Journal
The article discusses the Financial Accounting Standards Board Interpretation No. 48 (FIN 48), which addresses the accounting for uncertainty in income taxes recognized in the financial statements of business enterprises in the U.S. The two steps utilized in FIN 48 in evaluating tax positions include recognition and measurement. Tax position is measured to determine the amount of benefit to be recognized in the financial statements.


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