Daily Tax Report In Today's Issue



	Home > In Today's Issue In Today's Issue This table of contents is from the November 21, 2008 issue of the Daily Tax Report. FEDERAL TAX & ACCOUNTING ACCOUNTING Deloitte speakers survey firms' struggles with FIN 48, say future appears uncertain FASB tentatively decides issues regarding perpetual instruments, equity derivatives SEC senior accountant hints agency might issue policy on use of judgment SEC's Tafara identifies potential pitfalls to successful convergence towards IFRS CONGRESS Rangel says health care, tax reform to dominate Ways and Means agenda Tax foundation honors Reps. McCrery, Neal EXEMPT ORGANIZATIONS IRS plans exams to boost understanding of governance IRS to stay focused on EO executive compensation, Miller says FINANCIAL PRODUCTS Officials say agencies mulling treatment of credit default swaps HEALTH CARE Insurers propose guaranteed coverage, paid for by credits, "tax equity" for benefits PASSTHROUGH ENTITIES IRS rejects certain exclusions for passthroughs PCAOB Audit oversight board to meet Nov. 25 to establish budget for 2009 fiscal year TAX ADMINISTRATION IRS to streamline service to taxpayers, preserve resources TAX AUDITS LMSB memo discusses FBAR auditing TAX COLLECTION SB/SE memo outlines changes to CDP hearing requests TAX LEGISLATION Doggett seeks to overrule Treasury decision allowing banks to claim losses Senate postpones action on tax cuts, suspending pension funding rules STATE TAX & ACCOUNTING CALIFORNIA California FTB proposes regulations for multistate firm water's edge elections California FTB sets Dec. 5 meeting to discuss corporate underreporting penalty ELECTRONIC COMMERCE Six states found in compliance with SSUTA, committee declares FLORIDA Florida legislators seek penalty waiver while corporate income tax bill glitch fixed INTERNATIONAL TAX & ACCOUNTING ACCOUNTING IASB reaches some agreement on criteria for recognizing day-one gains and losses IASCF trustees launch drive to recruit IASB board members for five-year terms KPMG partners explore effect of milestones in SEC road map to U.S. adoption of IFRS CANADA British Columbia outlines tax cuts to help offset economic downturn INTERNATIONAL TAXES Global financial turmoil may lower tax cost of repatriating foreign cash JAPAN Japan government panel begins debate on "medium-term" tax reform proposal RUSSIA Russian lawmakers consider tax cuts; Duma approves tax code amendments SPAIN OECD says Spain should implement reforms to cushion downturn's blow, speed recovery TAX EVASION U.S. clients of Swiss bank challenging decision to share details with U.S. officials VIEWPOINT CORPORATE REORGANIZATIONS Can a buyer's losses offset a target's profits? TAX DECISIONS & RULINGS ACCOUNTING D.C. Circuit nixes full panel review of ruling on PCAOB's constitutionality TAX COLLECTION Taxpayer not disabled for Section 6511(h) purposes TAX EVASION Former Senate aide pleads guilty to failing to report lobbyist gifts on tax returns Mississippi attorney pleads guilty to tax charges TAX FRAUD IRS revenue agent arrested for tax fraud TAX PROSECUTIONS Seventh Circuit affirms conviction, sentence of temporary service owner on tax charges TAX SHELTERS Seventh Circuit finds IRS may summon attorney as part of tax shelter investigation TAXCORE TEXT PASSTHROUGH ENTITIES LMSB-04-1008-051 on exclusion of income, contributions to capital TAX AUDITS LMSB-4-0908-047 on FBAR, counsel review of penalty cases TAX COLLECTION SBSE-05-1108-061 on collection appeal rights Perkins v. Commissioner TAX LEGISLATION Worker, Retiree, and Employer Recovery Act of 2008 (H.R. 6382), by Sens. Baucus, Grassley, Kennedy, Enzi Revised staff summary of H.R. 6382 Preliminary revenue estimates for H.R. 6382 TAX PROSECUTIONS United States v. Ellis TAX SHELTERS Khan v. United States CALENDAR Legislative Calendar President's Calendar CONGRESS Change comes to Energy & Commerce as Waxman takes chair from Dingell Decision on chair of House Oversight, Government Reform may wait until December House, Senate Democratic leaders warn lawmakers of December session Contact the Webmaster at webmaster@bna.com 1801 S. Bell Street, Arlington, VA 22202 - Phone: 1-800-372-1033 Copyright © The Bureau of National Affairs, Inc. All Rights Reserved.