FIN 48 Compliance Disclosing Tax Positions in an Age of Uncertainty

Article:  FIN 48 presents new challenges for taxpayers, auditors, and tax advisers. The disclosures required by the interaction of FAS 109 and FIN 48 will result in greater public disclosure of tax...
Published on May 10, 2010

FIN 48 and Tax Return Disclosure

Article:  This item provides a brief overview of the FIN 48 requirements, an update on the IRS plans, and some observations on the dynamics created among an engagement’s auditors, tax preparers, and client personnel resulting from these new rules...
Published on August 01, 2010

Fin 48 and State and Local Income Taxes

Article:  ...Scott Salmon, CPA, M.Acc. The required adoption of Financial Accounting Standards Board Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48), for enterprises with fiscal years beginning after December 15, 2006, has placed increased s
Published on April 19, 2010

Private Companies and FIN 48

Article:  On October 15, 2008, the Financial Accounting Standards Board (FASB) deferred the effective date of FIN 48 (FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes ) for all nonpublic companies for one year
Published on January 28, 2011

Post-Implementation Review of FIN 48

Article:  The Financial Accounting Foundation issued its Post-Implementation Review (PIR) Report on FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes
Published on April 30, 2012

Guidance on FIN 48 and Independence

Article:  The AICPA’s Professional Ethics Executive Committee (PEEC) recently issued nonauthoritative guidance on whether under AICPA Interpretation 101-3, Performance of Nonattest Services, members could assist an attest client in applying FASB Interpretation No.
Published on April 19, 2010

Assumption of Liabilities in Taxable Asset and Sec. 338(h)(10) Acquisitions

Article:  One cannot assume that the tax treatment of liabilities will conform with financial reporting, and with stricter FIN 48 and Sec. 6694 standards it is more important than ever that tax advisers get it right
Published on May 02, 2010

AICPA News Update - Sept. 21, 2012

Newsletter:  In this issue: New Private Company Council Priorities to Include FIN 48; ED Released for Comment on Partner Equivalent and Related Revisions; COSO Releases Another ED on Internal Control Revisions; Audit Data Standard Comment Period Extended; Learn How to Analyze Profitability...
Published on October 08, 2012

CPA Obligations for Addressing Errors and Omissions

Article:  Both Circular 230 and AICPA professional standards impose obligations on CPAs who encounter errors or omissions on prior-year tax returns.
Published on May 02, 2010

AICPA News Update Volume 12 No. 2

Newsletter:  New Tax Disclosure Regulations Took Effect January 1, 2008 Tax Return Checklists Now Available Online, Auditors of Non-Public Broker-Dealers Are Required to Register with PCAOB, Year-end FIN 48-Related Disclosures Required, Even if Deferring Application, Overhauled Audit and Accounting Guide, Airlines, Published, Give Feedback on Draft Issues Paper on Valuation Considerations
Published on June 24, 2011

Case Studies for Book-Tax Differences in the Classroom

Article:  The authors discuss how to most effectively cover book-tax differences in financial accounting and tax courses and how to prepare accounting graduates for this type of work in the profession.
Published on July 11, 2012

Disclosure of Nonincome Tax Contingencies Under ASC 450 for Not-for-Profit Entities

Article:  This item focuses on the importance of properly accounting for and considering the impact of nonincome taxes as they apply to not-for-profit (NFP) entitles.
Published on June 16, 2011

Reporting Uncertain Tax Positions

Article:  This item explores the differences between financial statement reporting and federal income tax return disclosure in preparing for disclosure of uncertain tax positions on the Schedule UTP,
Published on June 16, 2011

AICPA News Update Vol.12 No.16

Newsletter:  Private Companies Practice Section Offers Cost-Savings Advice to Firms and Human Resource Professionals, Auditing Standards Board Issues Additional Exposure Draft Resulting from Clarity Project, New Guide Helps CPAs Decide  Whether to Register as Investment Advisers, AICPA, InvestmentNews Forum Gets More Than 4,000 Hits During Tax Season; Questions and Answers
Published on June 24, 2011

AICPA Positions on Recent IRS Proposals

Article:  The AICPA's Tax Division has prepared summaries of AICPA efforts regarding recent IRS proposals on return preparer registration and uncertain tax positions.
Published on January 28, 2011