Thursday, December 18, 2014

Today, the Wall Street Journal printed a great overview by Theo Francis (with a little data help from Calcbench) about unrecognized tax benefits: what they are, who is taking advantage of them, and what does it all mean.

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Now, what if you’d like to learn more?  Easiest way is to jump right into the tax footnotes of some of these companies using our Footnote Query. You can select a company, an industry group, or a major index like the S&P500. Then choose the Income Taxes disclosure, and start reading:

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What if you want to narrow your search even more? Type the word ‘unrecognized’ in the “Footnote Table or schedule type” box and you’ll get a  list of standard disclosure tables pertaining to unrecognized tax, AND the number of companies in your group have each of these tables! Choose which one you want to look at and go…

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