Wednesday, October 20, 2010

Baker Tilly: IRS Releases Final Schedule to Report Uncertain Tax Positions

On April 19, 2010, the IRS released a draft of Schedule UTP, Uncertain Tax Position Statement, and requested public comments on the draft form and instructions. The IRS received a large number of comments on the overall proposal, including concerns on how the IRS would use the reported information, the additional reporting burden on taxpayers, and the IRS’s authority to require reporting of uncertain tax positions with the corporation’s tax return. The fi nal schedule and instructions were released by the IRS on September 24, 2010.

Read the Full Article

Source: Baker Tilly Virchow Krause, LLP.

No comments:

Post a Comment

Creative Financial Staffing (CFS) is the nation’s largest, privately-held accounting and financial staffing firm. We provide qualified accounting and finance professionals on a temporary and permanent basis across a broad range of industries.

Visit our website:

Click here to locate and contact a CFS office near you