Danielle Rolfes, Esq., CPA prominently featured on LexisNexis Tax Center as authority on complex tax topic

June 20, 2007 — New York, NY, June 20, 2007 - LexisNexis, a leading provider of information and services solutions, is featuring the expertise of Danielle Rolfes, Esq., CPA, a leading tax attorney and authority on complex tax issues such as FIN 48, on LexisNexis® Tax Center, the recently launched integrated research platform for tax and accounting professionals.

Rolfes, a special partner with Ivins, Phillips & Barker, authored an analytical treatise on FIN 48, called “An Analysis of FIN 48 – Accounting for Uncertain Income Tax Positions.” The publication is now available on LexisNexis Tax Center as a practical and real-world approach for practitioners’ easy reference.

Especially for public companies, FIN 48 represents a sea change in the accounting for income taxes.

“The sea change is less about the mechanics of FIN 48 and more about rigorous accounting to give investors enhanced insight into companies’ overall income tax positions and the consequent ability to scrutinize and compare,” said Danielle Rolfes, tax attorney and CPA with Ivins, Phillips & Barker. “This represents one of the largest and potentially more volatile expenses reported on the income statement.”

“The treatise I wrote for LexisNexis Tax Center essentially walks through the rules for identifying uncertain tax positions and determining the amount of benefit that should be booked for each position. We expect FIN 48 to keep a front-and-center position in management circles for years to come; the actual application of FIN 48 to real world tax positions can be complex and surprisingly convoluted.”

When corporate clients call upon Rolfes, she is often asked to assist in implementation of FIN 48 issues that pertain to identifying past positions that need evaluation under the new standard and how to apply the new standard to old positions. In addition, her work involves analyzing new tax positions under the new rules.

Rolfes focuses on general corporate income taxation with an emphasis on international tax and accounting issues. Her work involves tax planning, international structuring transactions, design and adoption of various types of accounting methods and the deduction for domestic production activities.

As a frequent lecturer, Rolfes is among the industry’s few leading authorities on this highly complex topic.

LexisNexis is offering a complimentary copy of the executive summary written by Danielle Rolfes on FIN 48. To download, visit www.lexisnexis.com/fin48.

Additional FIN 48 materials are available on LexisNexis Tax Center including a FIN 48 mega news file. Searches within the FIN 48 news file will pull stories from hundreds of general and business dailies and weeklies that specifically deal with FIN 48 and accounting for uncertainty in income taxes recognized in an enterprise’s financial statements.

LexisNexis Tax Center, introduced last year, helps streamline analysis of tax strategies across the broadest array of leading tax publishers available on a single platform including LexisNexis, CCH, BNA, Tax Analysts, ABA Tax Section and Matthew Bender. Tax Center provides practical perspectives from experts in the field, exclusive coverage of key tax conferences, and the ability to quickly and accurately validate case law and IRS positions with Shepard’s Citations, a LexisNexis exclusive.

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