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Uncertain Tax Positions FASB Issues Interpretation No. 48

    Client Alerts
  • September 06, 2006

On July 13, 2006, the Financial Accounting Standards Board ("FASB") issued Interpretation No. 48, Accounting for Uncertainty in Income Taxes (the "Interpretation"), effective for fiscal years beginning after December 15, 2006. The Interpretation changes the manner in which uncertain tax positions are reported for financial accounting purposes under FASB Statement No. 109, Accounting for Income Taxes. Click here to read the Alert.