ScholarLens Back to search
2011•Bryant Digital Repository (Bryant University)Requires access

Uncertain Tax Positions: Accounting for Income Tax--And Why it Matters to Both Individual and Business Investors

Michael F. Lynch, David Beausejour, David B. Casten

Open publisher page 0 citations

Abstract

Accounting for income tax is an important and complex area for financial accounting purposes, and it has recently become important for income tax purposes as well. The newly released Schedule UTP (i.e., uncertain tax positions) reflects the heightened interest that the Internal Revenue Service has in taxpayers' financial accounting for income tax. n1 Accounting for income tax is even important to individual taxpayers who do not prepare financial statements.

About this research paper

What this paper is about

Accounting for income tax is an important and complex area for financial accounting purposes, and it has recently become important for income tax purposes as well. The newly released Schedule UTP (i.e., uncertain tax positions) reflects the heightened interest that the Internal Revenue Service has in taxpayers' financial accounting for income tax. n1 Accounting for income tax is even important to individual taxpayers who do not prepare financial statements.

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

Accounting for income tax is an important and complex area for financial accounting purposes, and it has recently become important for income tax purposes as well. The newly released Schedule UTP (i.e., uncertain tax positions) reflects the heightened interest that the Internal Revenue Service has in taxpayers' financial accounting for income tax. n1 Accounting for income tax is even important to individual taxpayers who do not prepare financial statements.

Key concepts: Economics, Write-off, State income tax, Gross income, Income tax, Accounting, Business, Public economics

Related papers

Related paper 1Related paper 2Related paper 3
Back to paper searchBrowse research topicsOriginal source
Uncertain Tax Positions: Accounting for Income Tax--And Why it Matters to Both Individual and Business Investors — Research Paper | ScholarLens