Presentation is loading. Please wait.

Presentation is loading. Please wait.

Slide 1 Sample Disclosures from 2007 10-Qs and 10-Ks.

Similar presentations


Presentation on theme: "Slide 1 Sample Disclosures from 2007 10-Qs and 10-Ks."— Presentation transcript:

1 Slide 1 Sample Disclosures from Qs and 10-Ks

2 Slide 2 Sample Disclosures: Tabular Reconciliations

3 Slide 3 Sample Disclosures: Tabular Reconciliations

4 Slide 4 Sample Disclosures: Paragraph 21(d) “Early Warning” Disclosures Occidental Petroleum. ``It is reasonably possible that Occidental's existing liabilities for uncertain tax benefits may increase or decrease within the next twelve months primarily due to the progression of audits in process or the expiration of statutes of limitation. Occidental cannot reasonably estimate a range of potential changes in such benefits due to the unresolved nature of the various audits.'' JPMorgan Chase. “As JPMorgan Chase is presently under audit by a number of tax authorities, it is reasonably possible that unrecognized tax benefits could change significantly over the next 12 months. JPMorgan Chase does not expect that any such changes would have a material impact on its annual effective tax rate.” Boeing. “It is reasonably possible that within the next 12 months we and the IRS will resolve some of the matters presently under consideration at appeals for which may increase or decrease unrecognized tax benefits for all open tax years. Settlement could increase earnings in an amount ranging from $0 to $130 based on current estimates. Audit outcomes and the timing of audit settlements are subject to significant uncertainty.” Bristol Myers Squibb. “The Company is currently under examination by a number of tax authorities, including all of the major tax jurisdictions listed in the table below, which have proposed adjustments to tax for issues such as transfer pricing, certain tax credits and the deductibility of certain expenses. The Company estimates that it is reasonably possible that the balance of unrecognized tax benefits as of December 31, 2007 will decrease in the range of approximately $175 million to $215 million in the next twelve months as a result of the anticipated effective settlement of certain tax audits for the jurisdictions listed below. Such settlements will involve the payment of additional taxes, the adjustment of certain deferred taxes and/or the recognition of tax benefits. The Company also anticipates that it is reasonably possible that new issues will be raised by tax authorities who may require increases to the balance of unrecognized tax benefits; however, an estimate of such increases cannot be made. The Company believes that it has adequately provided for all open tax years by tax jurisdiction under FIN No. 48.” Note: These sample disclosures are intended to illustrate the range of publicly-available disclosures and NOT to infer their adequacy.

5 Slide 5 Sample Disclosures: Paragraph 21(d) Expanded Disclosure (GE)


Download ppt "Slide 1 Sample Disclosures from 2007 10-Qs and 10-Ks."

Similar presentations


Ads by Google