Increased corporate governance requirements mean that tax advisors must tailor the quality of advice to the client’s ability to implement and the sophistication of the client’s corporate governance practices and procedures.
FIN 48 (mostly codified at ASC 740-10) is an official interpretation of United States accounting rules applicable under U.S. Generally Accepted Accounting Principles. It requires businesses to analyze and disclose income tax risks. A business may recognize an income tax benefit only if it is more likely than not that the benefit will be sustained. The amount of benefit recognized is based on relative probable outcomes.
The Firm helps tax departments establish policies and procedures to address international tax compliance obligations and FIN 48 exposures identified in the course of a financial statement audit.
Ruchelman P.L.L.C. provides a wide range of tax planning and legal services for foreign companies operating in the U.S., foreign financial institutions operating ...