Webcast: FIN 48: Accounting for Uncertain Tax Positions (ASC Topic

Learn how to apply FIN 48 (ASC Topic 740.10), effective for reporting periods beginning after Dec. 15, 2008, for nonpublic enterprises. FIN 48 requires entities to determine if tax benefits reported on the income tax return will more likely than not be sustained in an examination, administration controversy or litigation. If the more likely than not threshold is not met, benefits cannot be accrued. If the threshold is met, the tax benefit is measured by the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. Learn how to recognize uncertain income tax positions, measure the amount of tax benefit, analyze and document uncertain tax positions, and classify and disclose uncertain tax positions.