The ABA Tax Section offers a teleconference and webcast today on FIN 48: Latest Guidance and Disclosures from 1:00 – 2:30 p.m. EST:

In May 2007, the first round of FIN 48 tax contingency disclosures surfaced for public companies, and now the real FIN 48 work is truly beginning. Questions raised include:

• How will FIN 48 affect a company’s decision on how to structure and document transactions?
• How and when should a company disclose changes to tax contingencies as it navigates the IRS audit process or enters into new transactions?
• How should companies respond to the IRS’ questions about their public FIN 48 disclosures?
• Should companies be concerned about the SEC and investor groups asking for more information?

This panel will address these topics and use the insight gained from the first round of disclosures, combined with the panel’s own FIN 48 experience, to move beyond the mechanics and discuss the practical implications of FIN 48.

Faculty:

• Patrice Mano (Deloitte Tax, Washington, D.C.)
• Danielle Rolfes (Ivins, Phillips & Barker, Washington. D.C.)
• Steven Schneider (Miller & Chevalier, Washington, D.C.)