Uncertainty in Income Taxes: A Roadmap to Applying Interpretation 48 assists entities with applying FASB Interpretation No. 48 (FIN 48), Accounting for Uncertainty in Income Taxes.

This document contains clear explanations, easy-to-follow examples and a detailed six-step approach to adopting the Interpretation. Topics include identification of tax positions, recognition and measurement of tax positions meeting the more-likely-than-not recognition threshold, and presentation of benefit and liability amounts in the financial statements. Also provided are three appendices, including an Interpretation 48 decision tree.

More information on Interpretation 48 is available in the July 14, 2006, issue of Heads Up and on the Federal Tax page.

View all issues in the Roadmap Series.