The Internal Revenue Service is giving interested parties more time to submit comments on its recent proposal to require companies to disclose information about their uncertain tax positions.
IRS Commissioner Doug Shulman announced in late January that the agency was considering requiring the reporting of uncertain tax positions at the time a return is filed by business taxpayers that have over $10 million in assets, and that have a financial statement prepared under FIN 48 or a similar accounting standard (see IRS Commissioner Proposes Changes to Reporting Requirements on Uncertain Tax Positions).
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