Are you required to report an uncertain tax position? - John R. Dundon II, Enrolled Agent
7985
post-template-default,single,single-post,postid-7985,single-format-standard,bridge-core-3.0.1,qodef-qi--no-touch,qi-addons-for-elementor-1.5.3,qode-page-transition-enabled,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,qode-content-sidebar-responsive,qode-theme-ver-28.7,qode-theme-bridge,qode_header_in_grid,wpb-js-composer js-comp-ver-6.9.0,vc_responsive,elementor-default,elementor-kit-269
 

Are you required to report an uncertain tax position?

Are you required to report an uncertain tax position?

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



Share