Daily Tax Report Index

EARNED INCOME TAX CREDIT (EITC)

– Errors, IRS emphasizes return preparer due diligence, 8:G–5 (1/14/10)
– Expansion, EITC Awareness Day announced, 19:G–1 (2/1/10); eligibility rules, fact sheet, 19:TaxCore (2/1/10); IRS news release, 19:TaxCore (2/1/10)
– Legislative issues, CRS updates report, 22:G–10 (2/4/10)

ECONOMIC STIMULUS

– Job creation

See EMPLOYMENT AND UNEMPLOYMENT

– 2009 Recovery Act

See AMERICAN RECOVERY AND REINVESTMENT ACT (ARRA)

EDUCATION

See also COLLEGES AND UNIVERSITIES
– Ind. scholarship program, emergency rules, 15:H–2 (1/26/10)
– Qualified zone academy bonds, maximum amounts, 33:G–3 (2/22/10)

EGYPT

– Real estate tax measure under review, 13:I–1 (1/22/10)

ELECTRONIC COMMERCE

– Ed. Note: This heading covers electronic sales of goods and services and their regulation. All other references to the Web or the Internet are found at INTERNET.
– Amazon tax

– – Cal. budget bill includes provision, 32:H–5 (2/19/10); lawmakers drop, 35:H–1 (2/24/10)
– – N.M. bill dies, sponsor to refile, 37:H–1 (2/26/10)

– Cigarette sales, New York City's RICO claims dismissed (U.S., judg rvs), 15:K–1 (1/26/10); decision text, 15:L–1 (1/26/10)
– Hotel reservations

– – Anaheim may use contingency fee attorneys (Cal. Ct. App.), 3:K–3 (1/7/10); Priceline.com decision, 3:TaxCore (1/7/10); local tax assessment overturned (Cal. Super. Ct.), 23:K–1 (2/5/10); Priceline.com decision, 23:TaxCore (2/5/10)
– – Houston's tax claims dismissed (Tex. Dist. Ct.), 13:K–3 (1/22/10); decision text, 13:TaxCore (1/22/10)
– – Local taxes a “revenue grab,” Tax Found. report, 23:H–2 (2/5/10)
– – Philadelphia tax board rules in favor of Expedia, 30:H–2 (2/17/10)

– N.C. tax on digital goods, guidance, 8:H–2 (1/14/10)
– Sales tax collection, panel discusses federal legislation, Amazon laws, 24:G–6 (2/8/10)
– Sales tax simplification

– – Congressional authorization, new SSUTA president on efforts, 18:H–1 (1/29/10); SST board on prospects, 33:H–2 (2/22/10)
– – Iowa law changes likely to ensure SSUTA compliance, 27:H–3 (2/11/10)
– – NCSL opposes affiliate nexus as SSUTA alternative, 20:H–1 (2/2/10)
– – Nev. noncompliance, SST board to weigh sanctions, 34:H–1 (2/23/10)
– – Origin-based sourcing, SSUTA panel to hear request, 37:H–1 (2/26/10)
– – Soft drink definition, panel to review, 28:H–2 (2/12/10)
– – S.D. enacts compliance measure, 33:H–1 (2/22/10)
– – Vendor compensation, focus group reports, 13:H–1 (1/22/10); SST board discussion, 29:H–5 (2/16/10); focus group airs differences, 32:H–1 (2/19/10); SST board director comments, 33:H–2 (2/22/10)

– State tax nexus, business activities

See LEGISLATION, FEDERAL, HR 1083

ELECTRONIC FILING

– Benefit plans, EFAST2 operational for Form 5500, 5:G–3 (1/11/10); PIN rules, 13:G–1 (1/22/10); ASPPA wants e-signature relief, 22:G–9 (2/4/10)
– Corporate audits, paper documents still sought, 15:G–8 (1/26/10)
– Corporate returns

– – Exceptions and hardship waivers, procedures for requests, 1:G–2 (1/5/10); IRS Notice 2010-13, 1:TaxCore (1/5/10)
– – Mixed returns, schedules M-3, IRS updates requirements, 19:G–6 (2/1/10)

– ETAAC, members sought for IRS panel, 17:G–8 (1/28/10)
– Free File, other e-filing options, IRS fact sheet, 1:TaxCore (1/5/10); available to anyone making less than $57,000, 10:G–5 (1/19/10); news release, 10:TaxCore (1/19/10)
– IRS goal, progress report, Oversight Bd. on, 18:G–8 (1/29/10); annual report to Congress, 18:TaxCore (1/29/10)
– Mass. online filing program, 12:H–1 (1/21/10)
– 2010 e-file, free file season opens, 10:G–5 (1/19/10); news release, 10:TaxCore (1/19/10)

EMPLOYEE BENEFITS

– Form 5500

– – Audit reports, certain employers required to attach, 8:G–2 (1/14/10)
– – DOL schedules webcast, 9:G–5 (1/15/10)
– – Electronic filing, EFAST2 operational, 5:G–3 (1/11/10); PIN rules, 13:G–1 (1/22/10); ASPPA wants e-signature relief, 22:G–9 (2/4/10)
– – 403(b) plan guidance

See 403(b) PLANS

– – 1999-2008 plan data, EBSA posts online, 18:G–7 (1/29/10)
– – PBM discount revenue not reportable now, 24:G–5 (2/8/10)
– – Schedule C guidance, practitioners refer to FAQs, 7:G–7 (1/13/10)

– Health coverage

See HEALTH CARE REFORM

– Life insurance

See INSURANCE

– Pension plans

See PENSIONS

– Vehicles provided by employer, values for personal use rules, 10:G–1 (1/19/10); Rev. Proc. 2010-10, 10:TaxCore (1/19/10)

EMPLOYEE STOCK OWNERSHIP PLANS (ESOPs)

– Nestle denied deductions for ESOP distributions (8th Cir.), 26:K–1 (2/10/10); decision text, 26:TaxCore (2/10/10)

EMPLOYMENT AND UNEMPLOYMENT

– Illegal aliens, Okla. employer verification, withholding law, most of stay ruling upheld (10th Cir.), 22:K–1 (2/4/10); decision text, 22:TaxCore (2/4/10)
– Job creation

– – Business tax incentives not effective in boosting growth, jobs, CRS says, 16:G–4 (1/27/10)
– – Cardin (D-Md) bill

See LEGISLATION, FEDERAL, S 2967

– – Casey (D-Pa) to introduce Senate bill, 9:G–1 (1/15/10); bill description, 16:G–9 (1/27/10); Senate likely to bypass Comm. action, 17:G–1 (1/28/10); further action, see LEGISLATION, FEDERAL, S 2973
– – CBO report supports new credit, 9:G–1 (1/15/10); economic impact of payroll tax reduction, director's statement, 26:G–5 (2/10/10)
– – Dorgan (D-ND), Durbin (D-Ill) prepare Senate bill, 21:G–1 (2/3/10)
– – EPI president lauds tax credit, Senate hearing, 13:G–5 (1/22/10)
– – FUTA surtax, business groups seek penalty waiver, 30:G–5 (2/17/10)
– – House Dems outline ideas, 12:G–11 (1/21/10)
– – House-passed bill

See LEGISLATION, FEDERAL, HR 2847

– – Infrastructure spending urged by Blumenauer (D-Or), Doggett (D-Tex), 22:G–7 (2/4/10)
– – Obama seeking $5,000-per-worker credit, payroll tax refunds, 18:GG–1 (1/29/10); business, lawmaker response mixed, 18:GG–4 (1/29/10); White House fact sheet, 18:TaxCore (1/29/10); Obama touts proposal, economist provides details, 19:G–2 (2/1/10)
– – Payroll expansion credit

See LEGISLATION, FEDERAL, HR 4437

– – Pension funding relief in Senate draft bill, 28:GG–3 (2/12/10)
– – SBA loans, House Dems outline ideas, 12:G–11 (1/21/10)
– – Schumer (D-NY), Hatch (R-Utah) unveil tax credit bill, 22:G–7 (2/4/10); description of Hire Now Tax Cut Act, 22:TaxCore (2/4/10); provisions in Finance leaders' draft bill, 28:GG–1 (2/12/10)
– – Senate bill likely to include extenders, tax credit, 23:G–6 (2/5/10); outline of Democratic Jobs Agenda, 23:TaxCore (2/5/10); snowstorm delays action, 25:G–1 (2/9/10); Reid (D-Nev) pushes for bipartisan agreement, vote on bill, 26:G–5 (2/10/10); Senate plans meetings, no votes after another storm, 27:N–1 (2/11/10); further action, see LEGISLATION, FEDERAL, HR 2847
– – Senate draft Hiring Incentives to Restore Employment (HIRE) Act, 28:TaxCore (2/12/10); Finance leaders unveil draft bill with extenders, payroll tax exemption, 28:GG–1 (2/12/10); Baucus (D-Mont), Grassley (R-Iowa) summary, 28:TaxCore (2/12/10)
– – State proposals

See specific states

– – Tax extenders

– – – Grassley (R-Iowa) moves for extensions in first jobs bill, 29:G–2 (2/16/10)
– – – Industry groups support Senate jobs bill, 28:GG–3 (2/12/10)
– – – Revenue offsets differ in House, Senate bills, aide says, 36:G–9 (2/25/10)

– Making Work Pay credit

– – IRS fact sheet, 1:TaxCore (1/5/10)
– – One-year extension proposed in FY2011 budget plan, 20:GG–1 (2/2/10)

– Wages

See COMPENSATION

– Worker classification

See EMPLOYMENT TAXES

EMPLOYMENT TAXES

– Audit letters will go out late in Feb., 15:G–7 (1/26/10); focus of audits, 16:G–4 (1/27/10); SBSE Deputy Comm'r Fink describes NRP program, 16:G–12 (1/27/10); small firms, benefits, withholding are foci, 23:G–1 (2/5/10); PricewaterhouseCoopers panel offers audit advice, 33:G–4 (2/22/10)
– COBRA subsidy

See HEALTH INSURANCE

– Defense contractors avoided taxes through foreign affiliates, GAO says, 17:G–2 (1/28/10)
– Employer guides, IRS corrects Circular E, 2:G–7 (1/6/10); posts other guidance updates, 14:G–3 (1/25/10)
– Government documents released in dispute are privileged (Fed. Cl.), 22:K–1 (2/4/10); decision text, 22:TaxCore (2/4/10)
– Government entities, IRS panel's audit checklist, comment sought, 27:G–5 (2/11/10)
– Job creation incentives

See EMPLOYMENT AND UNEMPLOYMENT

– Medical residents, FICA application

See HOSPITALS

– Military service, differential pay, HEART Act guidance, 12:G–7 (1/21/10); IRS Notice 2010-15, 12:TaxCore (1/21/10)
– N.J. increases penalty for off-books workers, wage and tax reporting violations, 9:H–4 (1/15/10)
– Nonwage income, Medicare tax

See HEALTH CARE REFORM

– Social Security numbers, truncated payee identification limited to series 1098, 1099, 5498 forms, 2:G–1 (1/6/10)
– Third-party agents

– – Form 941 Schedule R online, 35:G–1 (2/24/10)
– – §3504 guidance priority, 15:G–1 (1/26/10)

– Unemployment taxes

See UNEMPLOYMENT INSURANCE

– Wage increase, Obama seeks payroll tax refunds, 18:GG–1 (1/29/10); White House fact sheet on proposal, 18:TaxCore (1/29/10); Obama touts proposal, economist provides details, 19:G–2 (2/1/10)
– Withholding

See WITHHOLDING TAXES

– Worker misclassification

– – Cal. reclassification, assessment, judicial review (Cal. Ct. App.), 28:K–2 (2/12/10); decision text, 28:TaxCore (2/12/10)
– – Construction workers, N.Y. Senate bill, 26:H–1 (2/10/10)
– – CPAs urge IRS changes, Viewpoint, 37:J–1 (2/26/10)
– – Loophole closure

See LEGISLATION, FEDERAL, S 2882

ENERGY

– Biofuels

See ALTERNATIVE FUELS

– Carbon emissions

See CLIMATE CHANGE

– Coal mining

See MINING

– Electric utilities

See UTILITIES

– FY2011 budget tax proposals, 20:GG–5 (2/2/10)
– Petroleum industry

See OIL AND GAS

– Renewable sources

See RENEWABLE ENERGY

– Tax policy issues before Congress, CRS report, 1:TaxCore (1/5/10)

ENVIRONMENT

– Brownfields redevelopment, Mich. tax credit, investment amount, 19:H–3 (2/1/10)
– Conservation easements, Colo. reports revenue gain with law curbing abuse, 5:H–2 (1/11/10)
– Global warming

See CLIMATE CHANGE

– Tax role in promoting environmental policies, OECD papers, 15:I–2 (1/26/10)

ERISA

– Enrolled actuary performance standards, modifications sought, 35:G–1 (2/24/10); comments on REG-159704-03, 35:TaxCore (2/24/10); veteran practitioners testify, 37:G–7 (2/26/10)
– VEBA contributions, no ERISA remedy for false tax advice (C.D. Ill.), 11:K–3 (1/20/10); decision text, 11:TaxCore (1/20/10)

ESOPs

See EMPLOYEE STOCK OWNERSHIP PLANS (ESOPs)

ESTATE TAX

See also GIFT TAX; TRUSTS
– Art Advisory Panel to meet Feb. 10, 6:G–5 (1/12/10)
– Canadian decedent, mutual fund classification key in considering tax, CCA, 14:K–1 (1/25/10)
– Charitable deduction denied for payment under settlement agreement, TAM, 19:K–1 (2/1/10)
– Claims against estates, IRS working on procedure for deductions, 15:G–2 (1/26/10)
– Family-owned business, loans receivable not eligible for QFOBI deduction (5th Cir.), 19:K–5 (2/1/10); decision text, 19:TaxCore (2/1/10)
– Relief

– – CRS updates report on legislation, 4:G–6 (1/8/10); releases issue statement, 9:G–4 (1/15/10)
– – No letter of intent from congressional tax leaders, staff members confirm, 1:G–1 (1/5/10); Senate Finance Chrm. Baucus (D-Mont) expects retroactive tax, 13:G–5 (1/22/10)
– – Pay-go exemption

See LEGISLATION, FEDERAL, HJRes 45*

– – Permanent 2009 rate

See LEGISLATION, FEDERAL, HR 4154

– – Retroactive extension for 2009 tax rates, Treasury Sec'y, Finance Chrm. support, 21:G–5 (2/3/10)
– – Senate defers action, 23:G–6 (2/5/10)

EUROPEAN UNION (EU)

See also specific member nations
– Alcoholic beverages, Philippine tax on imports, WTO to rule on EU request, 11:I–1 (1/20/10)
– Audit firm inspections, dispute with U.S., 25:I–3 (2/9/10)
– Audit of multinational firms, mutual recognition deal with Switzerland, Canada, Japan, 24:I–2 (2/8/10)
– Bank levy proposal praised, 12:I–7 (1/21/10)
– Consolidated corporate tax base, EC will try reviving, 35:I–3 (2/24/10)
– Cross-border savings tax

– – Bank secrecy strategy meeting, finance ministers from Austria, Liechtenstein, Luxembourg, Switzerland, 30:I–3 (2/17/10)
– – Information exchange, finance ministers convene to break deadlock, 10:I–1 (1/19/10); Austria, Luxembourg hold up anti-tax fraud measures, 11:I–7 (1/20/10); Parliament calls on Austria, Luxembourg to lift block, 29:I–3 (2/16/10)
– – Swiss finance minister says negotiations with EU possible, 25:I–2 (2/9/10)

– Economic conditions create pressure on tax authorities, E&Y practitioners say, 27:I–2 (2/11/10)
– Subsidiaries in other EU states, ECJ says “gratuitous” benefits can be taxed, 14:I–2 (1/25/10)
– Tax agenda of new commisioner-designate Semeta, 7:I–3 (1/13/10)
– Tobacco tax regime, finance ministers approve, 30:I–6 (2/17/10)
– Transfer pricing, EU adopts changes for code of conduct to avoid double taxation, 1:I–3 (1/5/10)
– Value-added tax

– – Businesses have difficulty with refunds, OECD survey, 25:I–1 (2/9/10)
– – Consultancy teaching qualifies for VAT exemption, ECJ rules, 21:I–2 (2/3/10)
– – Refunds, member nations may set time limits, ECJ rules, 15:I–1 (1/26/10)

EXCISE TAXES

– Air travel

See AIR TRANSPORTATION

– Cigarettes

See TOBACCO INDUSTRY

– Guns and ammunition

See FIREARMS

– Health insurance, Cadillac plans

See HEALTH CARE REFORM

– Liquor

See ALCOHOLIC BEVERAGE INDUSTRY

– TTB forms

See TAX FORMS

EXECUTIVE COMPENSATION

– Deferred compensation plans

See DEFERRED COMPENSATION

– Financial institutions

– – Bonuses

– – – French tax

See FRANCE

– – – Neal (D-Mass) says only TARP recipients should face penalty taxes, 37:G–1 (2/26/10)
– – – TARP firms, Boxer (D-Cal), Webb (D-Va) seek excise tax on high bonuses, 23:G–1 (2/5/10); Taxpayer Fairness Act, 23:TaxCore (2/5/10)
– – – Welch (D-Vt) bill

See LEGISLATION, FEDERAL, HR 4426

– – Frank (D-Mass) previews House Comm. hearing, 8:GG–2 (1/14/10); text of Frank's remarks, 8:TaxCore (1/14/10); witnesses support Obama's tax plan, 14:G–4 (1/25/10); prepared remarks by Stiglitz, Minow, Bebchuk, 14:TaxCore (1/25/10)

– Golden parachutes, fewer tax gross in 2009, survey, 26:G–1 (2/10/10)

EXEMPT ORGANIZATIONS

– Accounting guidance on merger, acquisition activity, 19:G–2 (2/1/10)
– ACORN, financial misconduct alleged, GOP staff report, 33:G–7 (2/22/10)
– Bond issues

See BONDS, EXEMPT

– Charitable donations

See CHARITABLE CONTRIBUTIONS

– Churches

– – IRS inquiries, EO director role, hearing preview, 10:G–3 (1/19/10); witnesses prefer authority in IRS deputy director, 12:G–4 (1/21/10); hearing transcript, 12:TaxCore (1/21/10)
– – Lawmakers' C St. Center, Ohio clergy urge IRS to examine status, 35:G–5 (2/24/10)

– Compliance focus, former IRS official laments lack of EO work plan, 32:G–1 (2/19/10)
– Credit counseling agency, independence of IRS Appeals questioned, 30:G–6 (2/17/10)
– Determination letters on exempt status, IRS updates procedures, 5:G–1 (1/11/10); Rev. Proc. 2010-9, 5:TaxCore (1/11/10)
– Form 990

– – Changes, IRS summary, 29:G–5 (2/16/10)
– – Filing mandate, IRS reminder, 13:G–6 (1/22/10)

– Governance, IRS exams provide information, 14:G–11 (1/25/10)
– IRS rulings, obtaining other guidance, procedures updated, 1:G–2 (1/5/10); user fee schedule revised, 1:G–4 (1/5/10); Rev. Proc. 2010-4, exemption rulings and information letters, 1:TaxCore (1/5/10); Rev. Proc. 2010-5, furnishing technical advice, 1:TaxCore (1/5/10); Rev. Proc. 2010-8 on user fees, 1:TaxCore (1/5/10)
– Israeli West Bank settlements, IRS will probe charities laundering money, 12:G–8 (1/21/10)
– Political activities

– – Citizens United resets boundaries of exempt groups (U.S., rvs in part), 20:K–1 (2/2/10); corporations could use exempt groups for endorsements, 23:G–3 (2/5/10); IRS urged to simplify rules, 30:G–3 (2/17/10)
– – Liberty Univ., Americans United seeks IRS probe, 36:G–1 (2/25/10)

– Political groups

– – Donor disclosure, potential conflict between FEC, IRS, 15:G–10 (1/26/10)
– – 2010 filing dates for Form 8872 posted, 13:G–6 (1/22/10)

– Supporting organizations

– – Grant-making, comments on IRS proposal, 17:G–3 (1/28/10)
– – Payouts, time frame for, attentiveness, Treasury official discusses, 34:G–3 (2/23/10)

– Tax shelter scheme, exemption revoked, PLR, 19:K–2 (2/1/10)
– Universities

See COLLEGES AND UNIVERSITIES

– Unrelated business income, sporting association's discount certificates, TAM, 24:K–1 (2/8/10)

EXEMPTIONS

– Bonds

See BONDS, EXEMPT

– IRS ruling summaries, 1:K–3 (1/5/10); 5:K–2 (1/11/10); 10:K–3 (1/19/10); 19:K–4 (2/1/10); 33:K–4 (2/22/10)
– Nonprofit groups

See EXEMPT ORGANIZATIONS

EXPATRIATES

– IRS officials, stakeholders discuss range of issues, 11:G–7 (1/20/10)
– List for quarter ending Dec. 31, 37:G–10 (2/26/10)