Tax Law

Recent Posts

Lease Accounting Standard Changes to Impact Financial Reporting
Posted on 29 Mar 2011 by LexisNexis Tax Center

By Barbara Apostolou, Nicholas Apostolou and Jack W. Dorminey - West Virginia University On August 17, 2010, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) jointly released exposure drafts (ED... Read More

Announcement 2010-9: A New IRS Approach to Transparency for Uncertain Tax Positions
Posted on 25 Mar 2010 by Shahzad Malik

IRS Announcement 2010-9 advances uncertain tax position reporting requirements under standards broader than Financial Accounting Standards Board Interpretation No. 48 (FIN 48) parameters. Affected taxpayers are concerned that the Schedule required with... Read More

Pension and Postretirement Benefit Accounting
Posted on 7 Jun 2012 by Donald Resseguie

Pension and postretirement benefits represent a significant cost to employers. The Financial Accounting Standards Board has specified that postretirement benefits are a form of deferred compensation. FASB concluded that the obligation to provide postretirement... Read More

Lease Accounting Changes to Impact Financial Reporting
Posted on 20 Jun 2011 by LexisNexis Tax Center

by Barbara Apostolou - Professor, University of West Virginia, Nicholas Apostolou - Visiting Professor, University of West Virginia, and Jack W. Dorminey - Assistant Professor, University of West Virginia On August 17, 2010, the Financial Accounting... Read More