FIN 48 Compliance
Download or Read eBook FIN 48 Compliance PDF written by Cherie Hennig and published by . This book was released on 2013 with total page 9 pages. Available in PDF, EPUB and Kindle.
Author | : Cherie Hennig |
Publisher | : |
Total Pages | : 9 |
Release | : 2013 |
ISBN-10 | : OCLC:1308969189 |
ISBN-13 | : |
Rating | : 4/5 (89 Downloads) |
Book Synopsis FIN 48 Compliance by : Cherie Hennig
Book excerpt: The interaction of FAS 109 and FIN 48 will result in greater public disclosure of tax planning techniques.Under FIN 48, a tax position is recorded only if the tax position is more likely than not to be sustained on examination (including related appeals or litigation processes).A material tax position is tested under a two-step process consisting of a recognition step and a measurement step.FIN 48 requires a reevaluation of all tax positions at the end of each reporting period. Prior recognized positions may be derecognized or remeasured, and prior unrecognized positions may be recognized in each reevaluation.