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FIN 48 and Tax Compliance
We develop a model to examine the effects of Financial Accounting Standards Board (FASB) Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48), on the strategic interaction between publicly traded corporate taxpayers and the government. Several of our findings contradict conject...
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| Published in: | The Accounting review 2010-09, Vol.85 (5), p.1721-1742 |
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| Main Authors: | , , |
| Format: | Article |
| Language: | English |
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| cited_by | cdi_FETCH-LOGICAL-c393t-c54d91cba27e569584baaf7be737c675db624b1bd0042de5dd54649fd79ea3433 |
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| cites | cdi_FETCH-LOGICAL-c393t-c54d91cba27e569584baaf7be737c675db624b1bd0042de5dd54649fd79ea3433 |
| container_end_page | 1742 |
| container_issue | 5 |
| container_start_page | 1721 |
| container_title | The Accounting review |
| container_volume | 85 |
| creator | Mills, Lillian F. Robinson, Leslie A. Sansing, Richard C. |
| description | We develop a model to examine the effects of Financial Accounting Standards Board (FASB) Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48), on the strategic interaction between publicly traded corporate taxpayers and the government. Several of our findings contradict conjectures voiced by members of the business community regarding the economic effects of implementing FIN 48. Specifically, taxpayers with strong facts obtain higher expected payoffs from uncertain tax benefits and some disclosed liabilities understate the expected tax liability. Consistent with the common conjectures, however, some taxpayers are more likely to be audited or are deterred from entering into transactions that generate uncertain tax benefits because of FIN 48. |
| doi_str_mv | 10.2308/accr.2010.85.5.1721 |
| format | article |
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| fulltext | fulltext |
| identifier | ISSN: 0001-4826 |
| ispartof | The Accounting review, 2010-09, Vol.85 (5), p.1721-1742 |
| issn | 0001-4826 1558-7967 |
| language | eng |
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| source | International Bibliography of the Social Sciences (IBSS); JSTOR Archival Journals and Primary Sources Collection; ABI/INFORM Global; Access via Business Source (EBSCOhost) |
| subjects | Accounting standards Applied economics Corporate taxation Disclosure FASB Interpretations FASB standards Finance Financial accounting Financial liabilities Financial reporting Financial statements Income tax Income taxes Regulation Tax audits Tax benefits Tax liabilities Tax returns Taxes Taxpaying U.S.A |
| title | FIN 48 and Tax Compliance |
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