State Tax Issues Resulting from IRS Announcement 2010-9

The new IRS policy that requires taxpayers to disclose uncertain tax positions (UTPs) is getting some well-deserved attention. On April 19 the IRS issued a draft form Uncertain Tax Position Statement(Schedule UTP) for comment by June 1. Some tax professionals question the necessity or fundamental fairness...

What Will the States Do About Uncertain Tax Position Reporting?

There's no shortage of concerns being expressed by taxpayers and practitioners about uncertain tax position disclosure requirements. The Service has done its level best to clarify the vision for improved transparency ever since Announcement 2010-9 was issued in January. But try as it might, taxpayer...