An Analysis Of Fin 48 Accounting For Uncertain Tax Positions
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An Analysis Of Fin 48 Accounting For Uncertain Tax Positions
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Author : Danielle E. Rolfes
language : en
Publisher:
Release Date : 2008
An Analysis Of Fin 48 Accounting For Uncertain Tax Positions written by Danielle E. Rolfes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Income tax categories.
Accounting For Income Taxes
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Author : Amy Dunbar
language : en
Publisher:
Release Date : 2008
Accounting For Income Taxes written by Amy Dunbar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Accounting categories.
... provides a comprehensive analysis of FASB interpretation no. 48, Accounting for uncertainty in income tax position--an interpretation of FASB statement no. 109, which addresses the accounting for uncertainty in income taxes recognized in a company's financial statements in accordance with FASB statement no. 109, Accounting for income taxes.
Fin 48 Answer Book 2009 Edition
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Author : Mark L. Friedlich
language : en
Publisher: CCH
Release Date : 2008-08
Fin 48 Answer Book 2009 Edition written by Mark L. Friedlich and has been published by CCH this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-08 with Business & Economics categories.
FIN 48 Answer Book is designed to for practitioners who need quick and authoritative answers to questions concerning the implementation of FIN 48. This book uses simple straightforward language to provide guidance on consistent accounting practices and criteria for enterprises reporting tax benefits from uncertain tax positions. The question-and-answer format, with its breadth of coverage, effectively conveys the complex subject matter of implementing and applying FIN 48.
Fin 48 Uncertainty And Transfer Pricing
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Author : Susan C. Borkowski
language : en
Publisher:
Release Date : 2014
Fin 48 Uncertainty And Transfer Pricing written by Susan C. Borkowski and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Financial Accounting Standards Board Interpretation No. 48: Accounting for Uncertainty in Income Taxes (hereafter, FIN48) has changed significantly how corporations must disclose uncertain tax positions. One uncertain tax position experienced by most TNCs is related to the cross-border shifting of income due to its transfer pricing transactions, its characterization of specific transactions as not affecting reportable income or as tax exempt, and its management decision that specific income is not taxable by a foreign tax authority (August 2008). The main areas of interest in this study are a TNC's disclosures of its uncertain tax positions both generally and specific to transfer pricing. These disclosures are assessed pre- and post-FIN 48 implementation in both a traditional statistical analysis and in a content analysis of the related footnotes to the annual reports for 2006 through 2009. DATA ANALYSIS IN PROCESS.
One Year Later
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Author : Nancy B. Nichols
language : en
Publisher:
Release Date : 2009
One Year Later written by Nancy B. Nichols and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Since the issuance of FASB Interpretation No. 48 (FIN 48), lt;Igt;Accounting for Uncertainty in Income Taxes, lt;/Igt;in July 2006, corporate tax executives have expressed concerns that the implementation of FIN 48 would provide the IRS with a road map for uncovering uncertain tax positions. An analysis of the 2007 FIN 48 disclosures of calendar year-end lt;Igt;Fortunelt;/Igt; 500 companies found that it is unlikely the IRS will gather much useful information from the disclosures. FIN 48 does not require any disaggregation of the disclosures by jurisdiction and none of the sample companies provided a breakdown by jurisdiction. Because the majority of lt;Igt;Fortunelt;/Igt; 500 companies operate in multiple states and foreign locations, the IRS cannot readily identify U.S. tax contingencies. The only potential value that the FIN 48 disclosures may provide the IRS is to assist them in risk analysis when identifying which taxpayers to select for audit.The study also found that a large percentage of companies reported changes to prior year tax positions. That finding reminds financial statement users that while the FASB can provide specific guidance for evaluating uncertain tax positions, management must still exercise a significant amount of judgment in the evaluation process. In addition, the explanations provided were typically vague or ambiguous, effectively reducing the value of the disclosure to the reader.
Differences Between Fin 48 And Ifric 23
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Author : Carolin Seibert
language : en
Publisher: Springer Nature
Release Date : 2022-08-31
Differences Between Fin 48 And Ifric 23 written by Carolin Seibert and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-08-31 with Business & Economics categories.
Uncertainties about the tax treatment of business transactions in the tax return or tax balance sheet can cause significant accounting challenges for current and deferred taxes in the financial statements. Whereas the accounting treatment of tax risks or tax audit risks has been regulated under US GAAP since 2006, a corresponding IFRS regulation was only published in 2017 and is effective from the 2019 fiscal year. The author takes this as an opportunity to analyze and critically assess the differences between the US GAAP accounting regulation “FIN 48 – Accounting for Uncertainty in Income Taxes” and the IFRS accounting regulation “IFRIC 23 – Uncertainty over Income Tax Treatments”. Building on the insights from her analysis, the author also examines the problem areas arising from IFRIC 23 from the perspective of the German tax authorities, German business practice and German advisory practice.
Fin 48
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Author : Warren, Gorham & Lamont
language : en
Publisher:
Release Date : 2008
Fin 48 written by Warren, Gorham & Lamont and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Financial statements categories.
Fin 48
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Author : David M. Sheehan
language : en
Publisher:
Release Date : 2006
Fin 48 written by David M. Sheehan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Corporations categories.
"New FASB Interpretation 48 on Accounting for Uncertainty in Income Taxes ("FIN 48") will soon become effective, setting new thresholds for recognizing and measuring the benefits of a company's tax return positions in its financial statements."
Fin 48
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Author : Cleary Gottlieb Steen & Hamilton LLP.
language : en
Publisher:
Release Date : 2007
Fin 48 written by Cleary Gottlieb Steen & Hamilton LLP. and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Financial statements categories.
Fin 48 And Tax Compliance
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Author : Lillian F. Mills
language : en
Publisher:
Release Date : 2011
Fin 48 And Tax Compliance written by Lillian F. Mills and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
We develop a model to examine the effects of Financial Accounting Standards Board (FASB) Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48), on the strategic interaction between publicly-traded corporate taxpayers and the government. Several of our findings contradict conjectures voiced by members of the business community regarding the economic effects of implementing FIN 48. Specifically, taxpayers with strong facts obtain higher expected payoffs from uncertain tax benefits and some disclosed liabilities understate the expected tax liability. Consistent with the common conjectures, however, some taxpayers are more likely to be audited or are deterred from entering into transactions that generate uncertain benefits because of FIN 48.