When the FASB issued its FIN 48 exposure draft back in 2005, corporate taxpayers were in an uproar that FIN 48 would give the IRS a roadmap into their aggressive tax return positions. As we all have learned over time, FIN 48 without the associated workpapers was less of a roadmap and more of a globe. A collective sigh of relief could be heard resonating through the tax community.

That was until last week…

In an eye opening presentation given to the New York State bar Association, IRS Commissioner, Doug Shulman proposed a new tax return disclosure that will once again provide a yellow brick road straight into the heart of your nearest and dearest tax issues.

Learn more about what Shulman had to say on the IRS Web site. Then be sure to come back to Tax 2.0 and share your thoughts on whether Shulman’s remarks represent a sound plan for progress or an exercise in self-indictment.