Home
Forms Library
2011 Schedule UTP (Form 1120) - Internal Revenue Service - irs

2011 Schedule UTP (Form 1120) - Internal Revenue Service - irs-2025

2011 Schedule UTP (Form 1120) - Internal Revenue Service - irs Preview on Page 1

Show details

4.7 out of 5

49 votes

The document is the Schedule UTP (Uncertain Tax Position Statement) for Form 1120, used by corporations to report uncertain tax positions for the current and prior tax years. It includes sections for detailing uncertain tax positions, their corresponding Internal Revenue Code sections, timing codes, major tax positions, and rankings. The form aims to provide transparency regarding tax positions that may be subject to dispute or uncertainty.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The easiest way to edit 2011 Schedule UTP (Form 1120) - Internal Revenue Service - irs in PDF format online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Handling documents with our feature-rich and intuitive PDF editor is simple. Make the steps below to complete 2011 Schedule UTP (Form 1120) - Internal Revenue Service - irs online quickly and easily:

Sign in to your account. Log in with your credentials or create a free account to test the service before upgrading the subscription.
Import a form. Drag and drop the file from your device or import it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
Edit 2011 Schedule UTP (Form 1120) - Internal Revenue Service - irs. Quickly add and highlight text, insert pictures, checkmarks, and signs, drop new fillable fields, and rearrange or remove pages from your paperwork.
Get the 2011 Schedule UTP (Form 1120) - Internal Revenue Service - irs completed. Download your adjusted document, export it to the cloud, print it from the editor, or share it with other participants through a Shareable link or as an email attachment.

Benefit from DocHub, the most straightforward editor to rapidly handle your documentation online!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a schedule UTP used for?

Uncertain tax position reporting Since tax year 2010, Schedule UTP has been used by certain corporations to report uncertain tax positions.

What is the FIN 48 standard of accounting?

48, Accounting for Uncertainty in Income Taxes (FIN 48) requires companies to recognize, measure, present and disclose uncertain tax positions they take, or expect to take, in their tax returns.

What is FIN 48 called now?

By now you should have at least heard about Financial Accounting Standards Board Interpretation No. 48 (FIN 48), Accounting for Uncertainty in Income Taxes. FIN 48 has been superseded by the Accounting Standards Codification (ASC) 740-10, but is still referred to as FIN 48.

Do I need to file a form 1120 if the business has no income?

A domestic corporation must file Form 1120, U.S. Corporation Income Tax Return, whether it has taxable income or not, unless its exempt from filing under section 501.

What is the FIN 48 codification?

FIN 48 (mostly codified at ASC 740-10) is an official interpretation of United States accounting rules that requires businesses to analyze and disclose income tax risks. It was effective in 2007 for publicly traded entities, and is now effective for all entities adhering to US GAAP.

What is a Schedule 1120 tax form?

Schedule UTP (Form 1120) asks for information about tax positions that affect the U.S. federal income tax liabilities of certain corporations that issue or are included in audited financial statements and have assets that equal or exceed $10 million.

What is a UTP tax position?

Uncertain tax position reporting Corporations filing Forms 1120, 1120-F, 1120-L, or 1120-PC must file Schedule UTP if total assets equal or exceed $10 million for the tax year and the corporation recorded a liability for unrecognized tax benefits for a tax position in audited financial statements.

Is fin48 utp?

Schedule UTP (as FIN 48 before it) requires companies to reflect upon their tax positions and judge whether disclosure is required.

2011 Schedule UTP (Form 1120) - Internal Revenue Service - irs-2025

Here's how it works