Analyze and report on open positions under ASC 740-10 (formerly FIN 48)

Changing IRS requirements are putting pressure on businesses to report on their uncertain tax positions. Thomson Reuters ONESOURCE Uncertain Tax Positions module (formerly TaxStream FIN 48) gives you the tools to analyze and report tax treatment of open positions under ASC 740-10-50 and IAS 37. Use this flexible, web-based software, which integrates with ONESOURCE Tax Provision, to give more complete descriptions of the issues related to your tax uncertainties, while managing your tax reserves effectively. Keep an organized inventory of all your positions, calculate tax and interest for each one, and report on them with a full audit trail — all while getting the information you need to make decisions about what to disclose.

Features

• **Reduce risk: **Manage your uncertain tax positions more effectively so you can more accurately report to the IRS and other auditors.
• **Save time: **No need to manually update interest and tax calculations — the software does it for you as your inventory of positions changes.
• **Maintain control: **Track domestic, state, foreign, and other uncertain positions over time with all relevant documentation.