This document summarizes genetic alterations involved in the progression of well-differentiated thyroid carcinomas to poorly differentiated and anaplastic carcinomas. It discusses mutations in genes such as BRAF, RAS, RET/PTC, and PAX8-PPARγ that are involved in early-stage well-differentiated and follicular carcinomas. Additional mutations in p53 and β-catenin are thought to direct dedifferentiation and progression to later stages. Studies of mutations and loss of heterozygosity support a model where well-differentiated tumors progress through poorly differentiated to anaplastic carcinomas through the accumulation of these genetic alterations.