The Financial Accounting Standards Board is continuing to enforce FIN 48. The rule requires uncertain tax positions to be reported on financial statements. Under FIN 48, companies must disclose how much they have in reserve in case the Internal Revenue Service or state tax officials disagree with their use of tax treatments. This makes it easy for the IRS or State taxing agencies to look right at those sections to begin their audits!
For more information see:CFO Article
see: http://www.TaxEsq.com