Tax Position Assignment

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    Tax Position Assignment

    Describe what a tax position is as it relates to the application of ASC 740 – i.e. uncertain tax positions. Provide an example. Why do you think the FASB issued FIN 48 and do you think it’s a good idea to have companies disclose and establish a tax reserve for uncertain tax positions on their financial statements, or are uncertain tax positions too difficult to determine to warrant a disclosure? Get Accounting homework help today

    Describe what a tax position is as it relates to the application of ASC 740 – i.e. uncertain tax positions. Provide an example. Why do you think the FASB issued FIN 48 and do you think it’s a good idea to have companies disclose and establish a tax reserve for uncertain tax positions on their financial statements, or are uncertain tax positions too difficult to determine to warrant a disclosure? Get Accounting homework help today

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