Two IRS documents issued in 2007 provide insights into how the IRS will use existing FIN 48 disclosures and how the IRS may be re-evaluating its long-standing "policy of restraint" on tax accrual workpapers (TAW).
Deborah Nolan, IRS Commissioner of the Large and Mid-Size Business Division (LMSB), issued the memoranda to all LMSB executives, managers, and examiners. The documents are:
- FIN 48 and Tax Accrual Workpaper Policy Update
- FIN 48 Implications: LMSB Field Examiners’ Guide
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