Category Archives: Schedule UTP

FIN 48 Leads the way to Schedule UTP

FASB, SEC, and IRS collaboration on tax disclosures. Recently the IRS has begun beating the “increased tax governance and transparency” drum.  The IRS believes it is now their responsibility to call on corporate boards to become more involved in their … Continue reading

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The IRS and Uncertain Tax Positions

Who Must File Schedule UTP in 2010. Beginning on the 2010 tax return, a company will be required to file Schedule UTP if they: issue audited financial statements; file Form 1120, Form 1120-L (life insurance companies), or Form 1120-PC (property … Continue reading

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