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FEI Comments on Internal Revenue Service Announcement 2010-9
June 3, 2010
FEI Summary
On June 1, 2010, FEI's Committee on Taxation (COT) filed a comment letter in response to the Internal Revenue Service’s request for comments on Announcement 2010-9: Uncertain Tax Positions - Policy of Restraint.
This announcement deals with the consideration of changes to the reporting requirements regarding business taxpayers’ uncertain tax positions. Several of FEI’s national committees have closely followed the evolution of the IRS’s “policy of restraint” and the implementation of the Financial Accounting Standards Board’s Interpretation Number 48, Accounting for Uncertainty in Income Taxes.
June 1, 2010 was the comment deadline on Announcement 2010-9.
To read COT’s comment letter to the IRS, click here.
Prepared by Tyler Roberts, policy analyst, Financial Executives International. This summary does not represent FEI opinion unless specifically noted above.
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