FIN 48: A Practical Approach Webinar


ASC 740 (FIN 48) takes the challenges of recording income taxes in the financial statements to a new level. This standard requires significant documentation and workpaper maintenance. This comprehensive, case study-based webinar will help you navigate FIN 48 compliance and enable you to:

  • Analyze, document and track income tax positions taken on federal, state, local and international tax returns utilizing a balance sheet analysis
  • Differentiate between requirements of quarterly and annual close cycles for both public and nonpublic entities
  • Apply FIN 48 to noncorporate entities
  • Review and prepare Federal Form UTP



To give public and corporate accountants the tools they need to comply with the accounting rules for uncertain tax positions. This webinar will provide you with a solid understanding of these rules. You’ll discover how to develop and maintain a work plan that captures all the information you’ll need to disclose in your quarterly and annual filings.

  • Identify tax positions applicable to pass-through and noncorporate entities
  • Preparation of Federal Form UTP
  • Defining and documenting tax positions
    – Extent of documentation
    – Tax position maintenance
    – Work paper support
    – Responsibilities related to compliance
  • Who owns the workpapers
  • Identify effective tax rate components
  • Tracking: adoption and subsequent reporting
  • Conducting a probability analysis
  • Calculating interest and penalties
  • Required adjustments
  • Quarterly vs. annual tax disclosures
  • Public vs. nonpublic tax disclosures
  • Building interdepartmental “tax” networks
  • Dealing with internal and external auditors
  • Continual maintenance, upkeep

Basic knowledge of income tax and accounting. Please bring a calculator.


No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: