Abstract

http://ssrn.com/abstract=990508
 
 

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What Can We Learn About Uncertain Tax Benefits from FIN 48?


Jennifer L. Blouin


University of Pennsylvania - Accounting Department

Cristi A. Gleason


University of Iowa - Department of Accounting

Lillian F. Mills


University of Texas at Austin - McCombs School of Business

Stephanie A. Sikes


University of Pennsylvania - The Wharton School

July 3, 2007

McCombs Research Paper Series No. ACC-02-07

Abstract:     
FIN 48, Accounting for Uncertainty in Income Taxes, standardizes accounting for uncertain tax benefits and requires companies to disclose their tax reserve amounts. We summarize hand-collected disclosures related to tax reserves from 2005 through the first quarter of 2007. For the largest 100 non-financial, non-regulated firms, the reserve at adoption on January 1, 2007 is $78 billion excluding interest, or about two percent of assets. Of this $78 billion, an estimated $58 billion would affect earnings if ever released.

Number of Pages in PDF File: 31

Keywords: FIN48, tax cushion, disclosure, FIN 48, uncertain tax benefits

JEL Classification: M41, M43, H25, H26

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Date posted: June 3, 2007  

Suggested Citation

Blouin, Jennifer L. and Gleason, Cristi A. and Mills, Lillian F. and Sikes, Stephanie A., What Can We Learn About Uncertain Tax Benefits from FIN 48? (July 3, 2007). McCombs Research Paper Series No. ACC-02-07. Available at SSRN: http://ssrn.com/abstract=990508 or http://dx.doi.org/10.2139/ssrn.990508

Contact Information

Jennifer L. Blouin
University of Pennsylvania - Accounting Department ( email )
3641 Locust Walk
Philadelphia, PA 19104-6365
United States
215-898-1266 (Phone)

Cristi A. Gleason
University of Iowa - Department of Accounting ( email )
108 Pappajohn Business Building
Iowa City, IA 52242-1000
United States
Lillian F. Mills (Contact Author)
University of Texas at Austin - McCombs School of Business ( email )
Austin, TX 78712
United States
Stephanie A. Sikes
University of Pennsylvania - The Wharton School ( email )
3641 Locust Walk
Philadelphia, PA 19104-6365
United States
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