November 7, 2012

Accounting Rule #48

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.

 

Share this post:
Facebook
Twitter
LinkedIn
WhatsApp

Discover more articles