FEI submitted a request for the extension directly to IRS Commissioner Douglas Shulman, IRS Chief Counsel William Wilkins, and IRS LMSB Commissioner Heather Maloy. FEI's Committee on Taxation (COT) is reviewing Ann. 2010-09 on Uncertain Tax Positions as it considers filing a comment letter.
The comment deadline on Ann. 2010-09 has been extended to June 1, 2010. See:
- IRS Ann. 2010-17, Extension of Time to Submit Comments on Announcement 2010-9 Regarding Reporting Uncertain Tax Positions, Draft Schedule, and Implementation Date, and
- IRS Ann. 2010-09, Uncertain Tax Positions - Policy of Restraint
See also related article in WebCPA.
If you have questions regarding FEI's Committee on Taxation, please contact Matt Miller, Senior Director, Government Affairs, in FEI's Washington, DC office, mmiller@financialexecutives.org.
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16 comments:
Interesting that everyone wants transparency except when it comes to the bottom line. The fact is that disclosure of the uncertain tax position levels the playing field and make the process more efficient for all. Imagine a world with fewer IRS auditors.
Fewer IRS auditors, well you would not hear me complaining.
But we won't see it happening any time soon...
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Very interesting that i like it
Interesting that everyone wants transparency except when it comes to the bottom line.
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Pretty post!!...These tax blogs are very popular and are real useful to us....Every one like such themes of matters to learn and to know....Thank you....
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Great news for taxpayers! The IRS has extended the comment deadline on its uncertain tax positions proposal. While you're reviewing the proposal, don't forget we recommended to check blood pressure app for a stress-free tax season.
The IRS extending the comment deadline on the uncertain tax position proposal gives taxpayers more time to provide their input.
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