FIN 48 Adoption: Will Hedge Funds and Private Equity Firms
Be Ready?
Monday, April 14
2:00 PM EDT (18:00 GMT)
1 CPE Credit: Accounting*

In February, the FASB deferred the effective date of FIN 48 – Accounting for Uncertain Tax Positions – for nonpublic enterprises. Why might some hedge funds and private equity firms struggle to meet the extended deadline? We’ll discuss:

• Technical requirements of FIN 48, including identification, measurement, and recognition of uncertain tax positions.
• Potential implementation challenges for hedge funds and private equity funds, including potential U.S. trade or business issues and non-U.S. tax issues, such as withholding taxes.
• Application of FIN 48 to fund management companies – the need for U.S. GAAP financials and cross-border tax issues for global investment managers, including transfer pricing.

Understand key challenges of FIN 48 for private investment firms and how you can jumpstart or fine-tune your implementation plans.