UTPs reported in 2016 could be affected by business tax reform plans

By |2017-05-24T13:42:04+00:00December 7th, 2016|Categories: Tax Planning|Tags: , , , , , |

Navigating the tax code — and staying atop the latest tax law developments — can be challenging for business owners. In turn, financial reporting for uncertain tax positions (UTPs), such as pending IRS audits or lawsuits, is complicated and subjective. Here’s some guidance to help clarify matters. Applying the threshold Companies that follow U.S. Generally [...]