FIN 48

FIN 48, Accounting for Uncertainty in Income Taxes, was introduced with the intention of reducing accounting uncertainty, although its implementation can often cause uncertainty of its own. Implementation of FIN 48 in multi-jurisdictional environments requires a solid understanding of applicable tax law, a significant amount of experience with jurisdictional examinations, expertise in FAS 109, and a complete understanding of the computational, reporting and disclosure requirements under FIN 48.

 

Jefferson Wells can help. We can prepare all tax accounting calculations and related disclosures necessary under FIN 48, and incoporate the results into your company's FAS 109 tax provision computations.