Disclosures
FIN 48 requires information related to tax positions be disclosed in the footnotes to financial statements. FIN48 TaxTrac® provides a full series of reports and table listings to support required disclosures. Each report makes extensive use of MS-Access’s sorting and criteria selection capability, and can be customized to the needs of specific companies, external and internal auditors, and other end users. Example reports include:
Measurement History Report is an example of a report that provides the user with a detailed history of all assessments and all outcomes for each tax position to assist with required disclosures. Information showing tax position reported, recognized tax benefit and unrecognized tax benefit is included for each position and each assessment date.
