This CAQ Web Resource includes hyperlinks to authoritative and interpretive guidance as well as other resources issued by the FASB, SEC, and CAQ related to accounting for income taxes.

Section I. FASB

Accounting Standards Codification (ASC)    

• ASC Topic 740 - Income Taxes
• ASC Topic 805 - Business Combinations
• ASC Topic 835 - Interest

Section II. SEC

SEC Regulations Committee

• Disclosure of FIN 48 Liabilities in the Contractual Obligations Table (Discussion Document E from the April 17, 2007 joint meeting of the SEC Regulations Committee and SEC Staff)

• Determining the Amount of Interest on FIN 48 Liabilities to be Included in Fixed Charges for Purposes of Calculating the Ratio of Earnings to Fixed Charges (Discussion Document F from the April 17, 2007 joint meeting of the SEC Regulations Committee and SEC Staff)

• View the FIN 48 Implementation Discussion Document Issued by CAQ SEC Regulations Committee – Revised as of February 6, 2007 (Appendix A from the September 26, 2006 SEC Regulations Committee joint meeting with the SEC staff)

Other SEC Resources

• June 28, 2007 Letter to Fidelity Investments, Massachusetts Financial Services Company and OppenheimerFunds, Inc. re: Implementation of FASB Interpretation No. 48 (SEC Division of Investment Management)

• The Economics of FIN 48: Accounting for Uncertainty in Income Taxes, Speech by Chester S. Spatt, SEC Chief Economist (March 2007)

Section III. Other Resources

• IRS To Help GAAP Basis Taxpayers Clean Up Tax Accruals as FIN 48 Disclosures Loom – The AICPA Tax Center, which provides guidance, information, and practice tools to the tax practitioner, has issued this Tax Section E-Alert in order to alert member of the IRS offer of help with FIN 48 compliance. This alert provides a direct link to the IRS guidance and direction.