Tax Law

Shahzad Malik on the recent IRS Announcement 2010-9 about uncertain tax position reporting.

On this edition, Shahzad A. Malik of Stradling, Yocca, Carlson & Rauth discusses recent IRS Announcement 2010-9 and its potential impact on corporate taxpayer reporting of uncertain tax positions. Mr. Malik analyzes the Announcement's effect on the "uncertain tax position" standard under Financial Accounting Standards Board Interpretation (FIN) No. 48. describing how proposed reporting requirements could conflict with the established IRS "policy of restraint." Copyright© 2010 LexisNexis, a division of Reed Elsevier Inc. All rights reserved.