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These excerpts taken from the DVN 10-K filed Feb 27, 2009. Unrecognized
Tax Benefits
The following table presents changes in Devon’s
unrecognized tax benefits for the year ended December 31,
2008 (in millions).
Devon’s unrecognized tax benefit balance at
December 31, 2008 and 2007 included $29 million and
$14 million of interest and penalties, respectively.
Included in Devon’s unrecognized tax benefits of
$260 million as of December 31, 2008 was
$232 million that, if recognized, would affect Devon’s
effective income tax rate.
Included below is a summary of the tax years, by jurisdiction,
that remain subject to examination by taxing authorities.
Certain statute of limitation expirations are scheduled to occur
in the next twelve months. However, Devon is currently in
various stages of the administrative review process for certain
open tax years. In addition, Devon is currently subject to
various income tax audits that have not reached the
administrative review process. As a result, Devon cannot
reasonably anticipate the extent that the liabilities for
unrecognized tax benefits will increase or decrease within the
next twelve months.
Unrecognized
Tax Benefits
The following table presents changes in Devon’s
unrecognized tax benefits for the year ended December 31,
2008 (in millions).
Devon’s unrecognized tax benefit balance at
December 31, 2008 and 2007 included $29 million and
$14 million of interest and penalties, respectively.
Included in Devon’s unrecognized tax benefits of
$260 million as of December 31, 2008 was
$232 million that, if recognized, would affect Devon’s
effective income tax rate.
Included below is a summary of the tax years, by jurisdiction,
that remain subject to examination by taxing authorities.
Certain statute of limitation expirations are scheduled to occur
in the next twelve months. However, Devon is currently in
various stages of the administrative review process for certain
open tax years. In addition, Devon is currently subject to
various income tax audits that have not reached the
administrative review process. As a result, Devon cannot
reasonably anticipate the extent that the liabilities for
unrecognized tax benefits will increase or decrease within the
next twelve months.
Unrecognized Tax Benefits The following table presents changes in Devon’s unrecognized tax benefits for the year ended December 31, 2008 (in millions).
Devon’s unrecognized tax benefit balance at December 31, 2008 and 2007 included $29 million and $14 million of interest and penalties, respectively. Included in Devon’s unrecognized tax benefits of $260 million as of December 31, 2008 was $232 million that, if recognized, would affect Devon’s effective income tax rate. Included below is a summary of the tax years, by jurisdiction, that remain subject to examination by taxing authorities.
Certain statute of limitation expirations are scheduled to occur in the next twelve months. However, Devon is currently in various stages of the administrative review process for certain open tax years. In addition, Devon is currently subject to various income tax audits that have not reached the administrative review process. As a result, Devon cannot reasonably anticipate the extent that the liabilities for unrecognized tax benefits will increase or decrease within the next twelve months.
Unrecognized Tax Benefits The following table presents changes in Devon’s unrecognized tax benefits for the year ended December 31, 2008 (in millions).
Devon’s unrecognized tax benefit balance at December 31, 2008 and 2007 included $29 million and $14 million of interest and penalties, respectively. Included in Devon’s unrecognized tax benefits of $260 million as of December 31, 2008 was $232 million that, if recognized, would affect Devon’s effective income tax rate. Included below is a summary of the tax years, by jurisdiction, that remain subject to examination by taxing authorities.
Certain statute of limitation expirations are scheduled to occur in the next twelve months. However, Devon is currently in various stages of the administrative review process for certain open tax years. In addition, Devon is currently subject to various income tax audits that have not reached the administrative review process. As a result, Devon cannot reasonably anticipate the extent that the liabilities for unrecognized tax benefits will increase or decrease within the next twelve months.
These excerpts taken from the DVN 10-K filed Jun 9, 2008. Unrecognized
Tax Benefits
The following table presents changes in Devon’s
unrecognized tax benefits for the year ended December 31,
2007 (in millions).
Devon’s unrecognized tax benefit balance at January 1,
2007 included $114 million of unrecognized tax benefits
before interest and penalties, and $8 million of interest
and penalties. Included in Devon’s unrecognized tax
benefits of $111 million as of December 31, 2007 was
$74 million that, if recognized, would affect Devon’s
effective income tax rate.
Included below is a summary of the tax years, by jurisdiction,
that remain subject to examination by taxing authorities.
Certain statute of limitation expirations are scheduled to occur
in the next twelve months. However, Devon is currently in the
final stages of the administrative review process for certain
open tax years. In addition, Devon is currently subject to
various income tax audits that have not reached the
administrative review process. As a result, Devon cannot
reasonably anticipate the extent that the liabilities for
unrecognized tax benefits will increase or decrease within the
next twelve months.
Unrecognized Tax Benefits The following table presents changes in Devon’s unrecognized tax benefits for the year ended December 31, 2007 (in millions).
Devon’s unrecognized tax benefit balance at January 1, 2007 included $114 million of unrecognized tax benefits before interest and penalties, and $8 million of interest and penalties. Included in Devon’s unrecognized tax benefits of $111 million as of December 31, 2007 was $74 million that, if recognized, would affect Devon’s effective income tax rate. Included below is a summary of the tax years, by jurisdiction, that remain subject to examination by taxing authorities.
Certain statute of limitation expirations are scheduled to occur in the next twelve months. However, Devon is currently in the final stages of the administrative review process for certain open tax years. In addition, Devon is currently subject to various income tax audits that have not reached the administrative review process. As a result, Devon cannot reasonably anticipate the extent that the liabilities for unrecognized tax benefits will increase or decrease within the next twelve months.
These excerpts taken from the DVN 10-K filed Feb 28, 2008. Unrecognized
Tax Benefits
The following table presents changes in Devon’s
unrecognized tax benefits for the year ended December 31,
2007 (in millions).
Devon’s unrecognized tax benefit balance at January 1,
2007 included $114 million of unrecognized tax benefits
before interest and penalties, and $8 million of interest
and penalties. Included in Devon’s unrecognized tax
benefits of $111 million as of December 31, 2007 was
$74 million that, if recognized, would affect Devon’s
effective income tax rate.
Included below is a summary of the tax years, by jurisdiction,
that remain subject to examination by taxing authorities.
Certain statute of limitation expirations are scheduled to occur
in the next twelve months. However, Devon is currently in the
final stages of the administrative review process for certain
open tax years. In addition, Devon is currently subject to
various income tax audits that have not reached the
administrative review process. As a result, Devon cannot
reasonably anticipate the extent that the liabilities for
unrecognized tax benefits will increase or decrease within the
next twelve months.
Unrecognized Tax Benefits The following table presents changes in Devon’s unrecognized tax benefits for the year ended December 31, 2007 (in millions).
Devon’s unrecognized tax benefit balance at January 1, 2007 included $114 million of unrecognized tax benefits before interest and penalties, and $8 million of interest and penalties. Included in Devon’s unrecognized tax benefits of $111 million as of December 31, 2007 was $74 million that, if recognized, would affect Devon’s effective income tax rate. Included below is a summary of the tax years, by jurisdiction, that remain subject to examination by taxing authorities.
Certain statute of limitation expirations are scheduled to occur in the next twelve months. However, Devon is currently in the final stages of the administrative review process for certain open tax years. In addition, Devon is currently subject to various income tax audits that have not reached the administrative review process. As a result, Devon cannot reasonably anticipate the extent that the liabilities for unrecognized tax benefits will increase or decrease within the next twelve months.
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