Status of Interpretation No. 48

Accounting for Uncertainty in Income Taxes—an interpretation of FASB Statement No. 109


June 2006

Effective Date:
For fiscal years beginning after December 15, 2006

Amends FAS 5, paragraphs 2 and 39
Replaces FAS 109, paragraph 8(a)
Amends FAS 109, paragraphs 10 and 289

Affected by:
Paragraphs 8, 10(b), 12, A3, A4, A22, A24 through A26, and A29 amended by FSP FIN 48-1 paragraphs A1(a), A1(b), and A1(d) through A1(k), respectively
Paragraphs 10A through 10C added by FSP FIN 48-1, paragraph A1(c)
Paragraph 12A added by FAS 141(R), paragraph E35, and amended by FAS 164 paragraph E19
Paragraph 12B added by FAS 141(R), paragraph 35
Paragraphs 13 and A30 amended by Accounting Standards Update 2010-08, paragraphs A14(a) and A14(b), respectively
Paragraph 22 amended by FSP FIN 48-2, paragraph 6(a)
Paragraph 22A added by FSP FIN 48-2, paragraph 6(b)
Paragraph 22A amended by FSP FIN 48-3, paragraph 12
Paragraph A31 amended by FAS 165, paragraph B16
Paragraph C1 amended by FAS 162, paragraph B13
Footnote 3 deleted by FAS 162, paragraph B13

Other Interpretive Releases:
FASB Staff Position FAS 13-2
FASB Staff Positions FIN 48-1 through FIN 48-3 (FSP FIN 48-2 effectively superseded by FSP FIN 48-3)

Issues Discussed by FASB Emerging Issues Task Force

No EITF Issues

Interpreted by:
No EITF Issues

Related Issue:
EITF Issue No. 93-7

*Note: Amendments as a result of the issuance of FAS 141(R) are effective for business combinations with an acquisition date on or after the beginning of the first annual reporting period beginning on or after 12/15/08.
||Note: Amendments as a result of FAS 162 are effective 60 days following the SEC’s approval of the PCAOB’s amendments to AU Section 411, The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles.

Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides