Uncertain State Tax Position Financial Statement Disclosures under FIN 48 and the New Internal Revenue Service Schedule UTP

Kern, Beth; Luttman, Suzanne
January 2011
Journal of State Taxation;Jan/Feb2011, Vol. 29 Issue 2, p53
Academic Journal
The article focuses on the disclosure of uncertain state tax positions on financial statements and the requirement to report tax positions under the Financial Interpretation Number (FIN) 48. It says that FIN 48 was adopted by the Financial Accounting Standards Board (FASB) beginning after December 15, 2006. It also discuss the Schedule uncertain tax positions (UTPs) issued by the U.S. Internal Revenue Service (IRS) which requires companies to list their UTPs.


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