FIN 48 Answer Book (2008 Edition)

Topics and Contents

Overview and Scope of Fin 48
Identifying Tax Positions
Determining the Unit of Account
Recognition of Tax Benefits Under the "More Likely Than Not" Threshold
Measuring the Benefit
Changes in Subsequent Periods
Interest and Penalties
Financial Statement Classification
Disclosure
Tax Examination Management
Tax Planning
Effective Date and Transition
FASB Staff Position No. FIN 48-1
Ongoing FIN 48 Reporting
AICPA FIN 48 Guidance
Jurisdictional Public Utilities and Licensees, Natural Gas Companies, Oil Pipeline Companies, and Centralized Service Companies
Financial Services Industry
Appendix A: Practice Aids
Appendix B: Best Practices
Appendix C: Sample Filings: Securities Exchange Commission Filings and FIN 48: Sample Sab 74 FIN 48 Disclosures
Appendix D: Sample Filings: Securities Exchange Commission Filings and FIN 48: Sample Interim 10Q FIN 48 Filings
Appendix E: FIN-48: FIN 48, Accounting for Uncertainty in Income Taxes--An Interpretation of FASB Statement No. 109
Appendix F: FIN FSP 48-1: Definition of "Settlement" in FASB Interpretation No. 48