IRS representatives were not immediately available to comment.

Though the new reporting would be required for companies with $10 million in assets, it would be limited to those whose financial statements are audited by CPAs and that are required to report uncertain tax positions in those statements. S corporations, for example, are normally excluded from the requirement.


Copyright (c) 2010, Dow Jones. For more information about Dow Jones' services for advisors, please click here.


First « 1 2 » Next