As companies prepare detailed analyses of uncertain tax positions to comply with new accounting rules, they can rest easy that the Internal Revenue Service won’t ask for copies—at least for now.
The IRS recently issued a brief, three-sentence statement saying it would maintain its current “policy of restraint” with regard to the tax accrual workpapers, or the documentation that provides detailed information on where a company has established reserve funds in case it cannot successfully defend a position taken in its corporate tax returns.
