FIN 48: Accounting for Uncertain Tax Positions (ASC Topic 740.10)

Description

This course will define which entities are subject to FIN 48 (ASC Topic 740.10) and help you understand and apply it properly. 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. With the IRS updating the threshold for the income tax benefits that will be impacted in the upcoming year, you will want to refresh your knowledge of these tax positions.

Highlights

• Enterprises subject to FIN 48
• Identifying tax positions
• Recognition and measurement of income tax benefits
• Changes in subsequent periods
• Impact on financial statement preparation
• FIN 48 recognition of penalties and interest
• Classifications and disclosures
• Analyzing and documenting tax positions

Objectives

• Recognize uncertain income tax positions.
• Measure the amount of tax benefit.
• Analyze and document uncertain tax positions.
• Classify and disclose uncertain tax positions.

Designed For

CPAs, tax directors, financial executives and their staff who must understand and apply FIN 48 in applying ASC Topic 740 to income tax benefits and accrual of business entities.