Friday, March 5, 2010

IRS Extends Comment Deadline On Uncertain Tax Positions Proposal

FEI's Washington DC Government Affairs office reports that the Internal Revenue Service is giving interested parties more time to submit comments on its recent proposal to require companies to disclose information about their uncertain tax positions.

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:

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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17 comments:

Anonymous said...

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.

Don Antonio @ currency day trading said...

Fewer IRS auditors, well you would not hear me complaining.

But we won't see it happening any time soon...

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Aria Kerry said...

Interesting that everyone wants transparency except when it comes to the bottom line.
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