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IRS: What's in Your Reserve?

Tax law and accounting collide as the IRS prepares to dig deeper into uncertain tax positions.

August 24, 2010

The Internal Revenue Service is headed down the home stretch with respect to uncertain tax positions. Since June, it has been reviewing public comments on its controversial proposal to require more-detailed disclosures around tax deductions and credits that may not pass muster with the agency. The IRS plans to issue final guidance by the end of the year — in time for affected companies to include the new disclosure form with their 2010 tax returns. Read more...

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