BizTaxBuzz: New Tax Disclosures: An IRS Peephole Into Your Past?

Many corporate taxpayers face a new compliance task this year -- filing the new Schedule UTP with their tax returns for 2010. And many of them are jittery about it. One concern is that IRS might use the disclosures to throw light on uncertain tax positions taken in years before 2010.

The New Rules for Uncertain Tax Positions: A Chance for the IRS to Dig Into Your Past? | Source: The Big Fat Finance Blog.