Are you required to report an uncertain tax position? - John R. Dundon II, Enrolled Agent
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Are you required to report an uncertain tax position?

09 Jun Are you required to report an uncertain tax position?

Posted at 00:00h in Uncertain Tax Position by
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As set forth in the draft instructions, the initial disclosure with respect to the 2010 tax year would be required from corporations that have uncertain tax positions

  1. own assets exceeding $10 million

  2. issue audited financial statements, and

  3. are required to file a Form 1120, 1120L, 1120PC or 1120F.

It is expected that, once this first-year program is evaluated, the disclosure requirements will be expanded to other 1120 filers, pass-through entities, and tax-exempt organizations.

John R. Dundon, EA – 720-234-1177

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