...Nathan C. Goldman ABSTRACT As firms lower innovative investment in response to FASB Interpretation Number 48 (FIN 48), they choose between reallocating those funds to noninnovative investment, not changing noninnovative investment, or lowering noninnovative investment. Using a difference...

... conservatism on investor valuation of reserves. Last, these results may be useful to taxing authorities seeking to understand the various pressures managers face in regard to their tax planning efforts. 2021 tax risk tax aggressiveness FIN 48 tax reserves This study investigates whether...

...John L. Abernathy; Brooke Beyer; Andrew D. Gross; Eric T. Rapley ABSTRACT Financial Accounting Standards Board Interpretation No. 48 (FIN 48, FASB 2006 ) allows discretion regarding the income statement classification of interest and penalty expenses for unrecognized tax benefits (UTBs). We...

...Matthew J. Erickson; Nathan C. Goldman; James Stekelberg ABSTRACT Effective for fiscal years beginning after December 15, 2006, FIN 48 significantly altered uncertain tax benefit (UTB) recognition and disclosure requirements relative to its predecessor standard, FAS 5. We examine the effect...

... regimes make multistate taxation an area rampant with uncertainty. The accounting standards contained in FASB Interpretation No. 48 (FIN 48) require firms to record and disclose liabilities for uncertain income tax benefits based on a more-likely-than-not merit threshold of each tax position, assuming tax...