Journal article
What Can We Learn about Uncertain Tax Benefits from FIN 48?
National tax journal, Vol.60(3), pp.521-535
09/01/2007
DOI: 10.17310/ntj.2007.3.11
Abstract
FIN 48, Accounting for Uncertainty in Income Taxes, standardizes accounting for uncertain tax benefits and requires companies to disclose their tax reserve amounts. We summarize hand-collected disclosures related to tax reserves from 2005 through the first quarter of 2007. For the largest 100 non-financial, non-regulated firms, the reserve at adoption on January 1, 2007 is $78 billion excluding interest, or about two percent of assets. Of this $78 billion, an estimated $58 billion would affect earnings if ever released.
Details
- Title: Subtitle
- What Can We Learn about Uncertain Tax Benefits from FIN 48?
- Creators
- Jennifer Blouin - University of PennsylvaniaCristi Gleason - University of IowaLillian MillsStephanie Sikes - Golestan University of Medical Sciences
- Resource Type
- Journal article
- Publication Details
- National tax journal, Vol.60(3), pp.521-535
- Publisher
- National Tax Association
- DOI
- 10.17310/ntj.2007.3.11
- ISSN
- 0028-0283
- eISSN
- 1944-7477
- Language
- English
- Date published
- 09/01/2007
- Academic Unit
- Accounting
- Record Identifier
- 9984380537002771
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