A former high level advisor in a variety of different divisions within the IRS, and a tax professional with over 25 years of experience in the public and private sectors, Schultz will be leveraging his experience for the benefit of CPAs and taxpayers, helping both groups navigate uncertain tax positions
and other tax controversy matters.
Uncertain tax positions
: Generally, an uncertain tax position
(UTP) relates solely to a position taken on a tax return that is not believed to meet the more-likely-than-not standard (ASC Paragraph 740-10-25-6).
UTBs associated with uncertain tax positions
are reevaluated and updated as new information warrants.
7 million of incremental income tax charges related to an increase in our reserve for uncertain tax positions
and other income tax changes.
ASC Topic 740, Income Taxes (formerly FIN 481, which is intended to increase relevance and comparability in reporting information about uncertain tax positions
Adjusted net income (non-GAAP), defined as income from continuing operations before share-based compensation expenses, foreign exchange loss or gain, penalties on uncertain tax positions
and post-acquisition settlement consideration, was RMB6.
The program will address the full scope of the regulatory landscape including Income Tax Disclosures and SEC FX and FD Requirements, APB 23, Revenue Recognition, Mergers and Acquisitions & Dispositions, Equity-Based Compensation, Foreign Currency Provision, Uncertain Tax Positions
and Transfer Pricing, and Tax Accounting for Other Comprehensive Income.
She works with companies to identify solutions in tax accounting, financial reporting and the related technology, and operational transfer pricing, including ONESOURCE Tax Provision, ONESOURCE Uncertain Tax Positions
, ONESOURCE Workflow Manager and Global Pricing Compliance.
Other articles of particular interest: IPO practices relating to executive compensation, clarifying uncertain tax positions
rules, measuring the investor relations function and avoiding mistakes when negotiating with suppliers.
SCHEDULE UTP DISCLOSURE REQUIREMENTS AND REPORTING OF UNCERTAIN TAX POSITIONS
companies may be required to implement new international standards for income tax accounting, particularly when accounting for uncertain tax positions
On July 14, the Financial Accounting Standards Board (FASB) proposed limitations on recognition of, and required certain disclosures relating to, uncertain tax positions