|
In the News
 |
 Prepared Remarks by IRS Commissioner Shulman to NY State Bar Association Taxation Section Annual Meeting
Internal Revenue Service, Jan 26, 2010
|
|
Prepared Remarks by IRS Commissioner Shulman to NY State Bar Association Taxation Section Annual Meeting
Internal Revenue Service, Jan 26, 2010
Prepared remarks by IRS Commissioner Doug Shulman highlights new reporting requirements for business taxpayers who have both a financial statement prepared under FIN 48 or other similar accounting standards reflecting uncertain tax positions, and assets over $10 million.
|
|
IRS Offers Correction Path for Deferred-Comp Errors
Compliance Week, Jan 20, 2010
|
|
|
IRS Offers Correction Path for Deferred-Comp Errors
Compliance Week, Jan 20, 2010
This Compliance Week article highlights the recent IRS correction program to let companies fix errors in their deferred-compensation plans, so those plans can be brought into compliance with Section 409A of the tax code. |
|
Senior Executives See U.S. Value-Added Tax Looming in Five Years
KPMG LLP, Dec 3, 2009
|
|
|
Senior Executives See U.S. Value-Added Tax Looming in Five Years
KPMG LLP, Dec 3, 2009
As concern about the growing federal budget deficit mounts, more than half of senior executives surveyed by the Tax Governance Institute expect some type of value-added tax (VAT) to be introduced in the U.S. within five years. |
|
IRS Explains How to Carry Losses Back Five Years
Compliance Week, Nov 25, 2009
|
|
|
IRS Explains How to Carry Losses Back Five Years
Compliance Week, Nov 25, 2009
The Internal Revenue Service has issued guidance on how companies can claim a refund under a recent Congressional gift--an extension of net operating loss carryback provisions to enable companies to offset current losses with tax refunds from prior years. |
|
Why All the Buzz About VAT?
Tax Notes, Oct 22, 2009
|
|
|
Why All the Buzz About VAT?
Tax Notes, Oct 22, 2009
The U.S. recession has taken a significant toll on
revenues and budgets at both the federal and state levels. As a result, the value added tax, or VAT has recently received more than a passing glance. In fact, some commentators are convinced that a VAT is inevitable. This first in a series of articles by KPMG LLP, titled "Views on VAT,"is designed to help readers better understand and prepare to deal with the VAT at federal, state, and international levels. |
|
IRS Reaches Out to Corporate Taxpayers
Compliance Week, Oct 20, 2009
|
|
|
IRS Reaches Out to Corporate Taxpayers
Compliance Week, Oct 20, 2009
During a recent Webcast sponsored by KPMG, Steven Miller, commissioner of the IRS Division for Large and Midsize Business, said the agency wants to begin a conversation with corporate taxpayers around corporate governance, transparency, and tax compliance. |
|
FIN 48 at Two: Certainly Not a Reporting Meltdown
Compliance Week, Apr 28, 2009
|
|
|
FIN 48 at Two: Certainly Not a Reporting Meltdown
Compliance Week, Apr 28, 2009
Two years ago regulators approved FIN 48, a rule requiring companies to disclose their certainty about tax positions they used. Cynics feared a reporting meltdown … which seems never to have happened, says Compliance Week Columnist (and former SEC Chairman) Harvey Pitt. |
MORE NEWS >
|
|
Insights
|
New Law Provides Five-Year Carryback for 2008 or 2009 Net Operating Losses
Washington National Tax, KPMG LLP, Dec 21, 2009
|
|
|
New Law Provides Five-Year Carryback for 2008 or 2009 Net Operating Losses
Washington National Tax, KPMG LLP, Dec 21, 2009
This article discusses the operation, planning characteristics, and potential issues associated with the new carryback rules for Net Operating Losses ('NOLs") incurred in tax years beginning or ending in 2008 and 2009. |
|
IRS Commissioner Shulman Speech to International Tax Conference
US FED NEWS [LEXISNEXIS}, Dec 11, 2009
|
|
|
IRS Commissioner Shulman Speech to International Tax Conference
US FED NEWS [LEXISNEXIS}, Dec 11, 2009
IRS Commissioner Shulman announces in a speech his goal to engage the corporate community in a dialogue about the appropriate role of the board of directors in tax risk oversight, and discusses the establishment of a Transfer Pricing Practice within the IRS Large and Mid-Size Business operating division. |
|
Legislative Update: Foreign Account Tax Compliance Act of 2009: Unexpected Implications
Washington National Tax, KPMG LLP, Dec 7, 2009
|
|
|
Legislative Update: Foreign Account Tax Compliance Act of 2009: Unexpected Implications
Washington National Tax, KPMG LLP, Dec 7, 2009
This article discusses the Foreign Account Tax Compliance Act of 2009, focusing on its most important aspect--the far-reaching scope of a new withholding regime for payments to certain foreign financial institutions and foreign non-financial entities. |
|
An International Perspective on Tax Risk
Directorship, Dec 1, 2009
|
|
|
An International Perspective on Tax Risk
Directorship, Dec 1, 2009
In this recent Directorship article, KPMG Tax leaders explore the trend by tax authorities around the world to understand corporate tax risk management policies, heightening expectations for board oversight. |
|
Why VAT Around the Globe?
Tax Notes, Nov 23, 2009
|
|
|
Why VAT Around the Globe?
Tax Notes, Nov 23, 2009
This article discusses the general factors that often
lead countries to adopt a VAT and evaluates those
factors as applied to three countries with government structures similar to that of the United States. |
|
SEC’s Proposed Rule Would Reshape Disclosure of Compensation Policies, Governance Structure and the Board’s Role in Risk Oversight
KPMG Public Policy Alert, Sep 9, 2009
|
|
|
SEC’s Proposed Rule Would Reshape Disclosure of Compensation Policies, Governance Structure and the Board’s Role in Risk Oversight
KPMG Public Policy Alert, Sep 9, 2009
Companies and their boards could face substantial new disclosure requirements as early as FY2010 as a result of the amendments recently proposed by the Securities and Exchange Commission (SEC) to rules affecting broad compensation policy and corporate governance disclosures.1 |
|
Financial Regulatory Reform Focuses on Broad Frameworks to Consolidate Financial Risk Management and Consumer Protection Authority
KPMG Public Policy Alert, Sep 8, 2009
|
|
|
Financial Regulatory Reform Focuses on Broad Frameworks to Consolidate Financial Risk Management and Consumer Protection Authority
KPMG Public Policy Alert, Sep 8, 2009
The historic overhaul of financial services regulation proposed by the administration (the Proposal) on June 17, 2009 provides broad frameworks for regulatory reform. Interconnected components in the Proposal may have sweeping implications for a variety of businesses as legislative details unfold. Boards and risk committees are therefore beginning now to assess and carefully monitor a variety of evolving issues so they can fully understand the potential impact of reform on their business or business partners. |
MORE INSIGHTS >
|
|
|