TEI files first submission in Singapore on tax treatment of
benefits-in-kind provided to employees: February 3, 2006.(Tax Execut
On February 3, 2006, TEI's Asia Chapter filed comments with
Harvey Koenig, Head (Tax Policy) of the Singapore Ministry of Finance on
the tax treatment of certain benefits-in-kind provided to . . .
Class action lawsuit filed seeking refunds of communications
excise tax.
Earlier this year, Radioshack Corporation filed suit on behalf of
itself and all similarly situated taxpayers seeking refunds of overpaid
federal excise tax on the ground that the tax was . . .
San Francisco chapter awards three scholarships.(Chapter
News)
On January 9, 2006, the San Francisco chapter honored three
scholarship recipients during the dinner portion of its annual IRS
night. The event was held at San Francisco's World Trade Club.
Liang . . .
New Jersey Chapter holds Winter Seminar.(Chapter News)
The New Jersey Chapter continued its emphasis on continuing
education for tax executives with an outstanding line-up of national and
regional speakers at its February 24 Winter Seminar held at the . . .
Singapore, IRS Oversight Board, U.S. liaison meetings focus of
TEI's winter activities: institute also comments on proposed
Cana
Tax Executives Institute's advocacy truly became global in
scope in February when the Asia Chapter filed its first submission with
the Singapore government. Submissions to the IRS Oversight Board . . .
An early implementation guide to accounting for uncertain tax
positions.
On July 14, 2005 the Financial Accounting Standards Board (FASB)
published an Exposure Draft of a proposed Interpretation of FASB
Statement No. 109, Accounting for Uncertain Tax Positions, to . . .
Appeals' role in tax shelter settlement: independence
affirmed.(IRS's National Director of Appeals David B.
Robison)(Interview)
On January 17, 2006, Tax Executives Institute sent a letter to IRS
Commissioner Mark W. Everson, expressing concern about Announcement
2005-80 on the independence of the Appeals function. The . . .
In memoriam.
RICHARD C. SAMMUT, long-time member of TEI and former president of
the Western Michigan Chapter, died on February 7, 2006, after battling
cancer for several months. Mr. Sammut graduated from the . . .
IRS to grant only limited e-filing waivers: non-support from
software vendors won't qualify.
In recent weeks, the Internal Revenue Service has begun posting to
its website (www.irs.gov) information on the general areas in which
waivers from the mandatory e-filing requirements will be . . .
Midyear conference highlights TEI's strengths ... and
opportunities.(Tax Executives Institute)(President's page)
TEI's 56th Midyear Conference drew more than 600 tax
executives. While the bulk of registrants live and work in the United
States, the conference attracted members from Canada, Europe, and . . .
TEI testifies before the IRS Oversight Board on customer service
needs of taxpayers: February 8, 2006.(Tax Executives Institute)
On February 8, 2006, TEI Senior Vice President David L. Bernard
testified before the IRS Oversight Board on the customer needs of
taxpayers. TEI's testimony was prepared under the aegis of its . . .
Treasury department and IRS launch review of cross licensing
arrangements: detailed information requested from business
communit
On March 15, 2006, the U.S. Department of the Treasury and the
Internal Revenue Service issued Notice 2006-34 (1) requesting public
comments on cross licensing arrangements (CLAs). The Notice . . .
Upcoming continuing education opportunities.(Chapter
News)(Calendar)
April 30-May 5 Federal Tax Course in Level I (Michigan State
University--East Lansing, Michigan)
May 18-20 Senior Tax Executives Conference (LaPlaya Resort--Naples,
Florida)
June 19-23 State & . . .
European Chapter meets in Madrid; Winter Conference focuses on
benchmarking, Tony Maggiore receives chapter award.
Benchmarking and Managing the Tax Function was the subject of the
two-day winter conference held by TEI's European Chapter at the
Hotel Villa Magna in Madrid. Nearly 100 TEI members and guests . . .
Cuno argued before U.S. Supreme Court.
On March 1, 2006, the Supreme Court heard oral arguments in Cuno v.
DaimlerChrysler, the case challenging Ohio's manufacturing
investment tax credit, in which Tax Executives Institute filed . . .
New TAM highlights issues in like-kind exchanges involving
intangibles.(technical advice memorandum)
When corporations are considering the disposition of business
assets, one of the issues that frequently arises is whether a like-kind
exchange under section 1031 of the Internal Revenue Code might . . .
Realignment of staff will permit TEI to better serve the
membership.(Tax Executives Institute)
When Rick Skippon, TEI's Publications Manager and Webmaster,
told me in late February that he would be leaving TEI's staff, my
feelings were definitely mixed. On the one hand, it is always . . .
Fred F. Murray.(Key People)
FRED F. MURRAY, former TEI General Counsel and Director of Tax
Affairs, has joined the Tax Division of the Department of Justice as
Deputy Assistant Attorney General for Policy and Planning. In his . . .
Does your company have a foreign financial account?(Recent
Activities)
(The following article is derived from information provided by the
Internal Revenue Service.)
If your company owns a foreign bank account, brokerage account,
mutual fund, unit trust, or other . . .
The ins and outs of related party add-backs.
Overview
Historically, business performance measurement has relied on
various financial measurements. The ability to efficiently manage
capital structures and leverage assets is a key indicator . . .
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