Tax Tips – IRS rethinks position on uncertain tax positions – Maintenance vs. capital improvement: Are you overpaying taxes? – Don’t overlook reinvested dividends

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Abstract: In this issue’s “Tax Tips,” we discuss revised IRS rules that require some companies to report uncertain tax positions (UTPs) on their tax returns using Schedule UTP; why it’s necessary to distinguish between maintenance and capital improvement expenses to save taxes; and the importance of tracking reinvested dividends to avoid paying tax on them twice.