Slide Deck

14 Slides available anytime
  • 14 Slides

Schedule UTP and Schedule M-3:Recent IRS Actions


Learn how to prepare the schedules along with the associated disclosures and filings that accompany them.

It has been a little more than 15 years since the Schedule M-3 was added and over a decade since the IRS introduced these additional disclosures for tax positions. Both introductions were met with a bit of fanfare but in recent years these disclosure mechanisms have become routine while corporate examination rates have fallen. As the IRS gears up for additional funding and focuses a new light on corporate taxpayers, the agency has returned to these tax return disclosures for examination leads and penalty opportunities. This topic will help tax professionals understand the evolving purpose of these disclosures. The material will also explain how to prepare the schedules along with the associated disclosures and filings that accompany them. Understanding the purpose and filing requirements of these tax return disclosures can help taxpayers reduce audit risk and avoid penalties for improper filing. This information is critical for tax professionals who are responsible for these disclosures and their colleagues who manage tax risk and audit exposure.



Anson H. Asbury, J.D., LL.M.

Anson H. Asbury, J.D., LL.M.

Asbury Law Firm

  • Managing Shareholder, Asbury Law Firm
  • Practice focuses on complex federal tax litigation and tax controversy
  • He advises Fortune 50 companies on tax reporting, tax procedure, and IRS & state appeals processes; he also represents closely held partnerships, estates, and high net worth individuals in civil and criminal tax litigation
  • 'Schedule UTP: The Early Returns Are In,' Journal of Accountancy, November 2012
  • 'Schedule UTP Expands Its Reach for 2012 Filers, Current Accounts,' The Georgia Society of CPAs, March/April 2013
  • Fellow, American College of Tax Counsel; fellow, American Bar Foundation; vice-chair, Court Practice and Procedure Committee, American Bar Association Section on Taxation; past chair, Atlanta Bar Association Tax Law Section
  • Ranked among the best of his peers by Chambers USA, Best Lawyers in America, and Super Lawyers
  • LL.M. degree, Georgetown University Law Center; J.D. degree, Penn State Dickinson Law; B.A. degree, Villanova University
  • Can be contacted at 404-382-9942 or [email protected]

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today

Access to all training products $699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.