The IRS has issued information on disclosure of uncertain tax positions: The agency isn’t planning on extending the regime to pass-through entities,
an IRS official says.
So partnerships, limited liability companies and S corporations don’t have to worry about filing Schedule UTP with their tax returns. For 2010, corporations with assets of $100 million or more must file the form. Ditto for 2011.
The asset threshold drops to $50 million for 2012 and to $10 million after 2013.