Accounting rule FIN 48 requires companies to disclose the amounts they must put into tax reserves and any other potentially challengable amounts related to past tax benefits. Companies must list these amounts as “unrecognizable tax benefits” on their 10-Q reports – which are filed with the Security and Exchange Commission.
Commercial Collection Topics
- Inflated Account Receivables due to old, Uncollected Accounts The inflating affects of old, uncollected debts on account receivables. Before writing off a account, outsource it to a Collections...
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- Debt Collection for Business Owners Many business owners learn about the challenges and facts of receivables management the hard way. Fact: It is often difficult...
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