Daily Tax Report In Today's Issue



	Home > In Today's Issue In Today's Issue This table of contents is from the November 20, 2009 issue of the Daily Tax Report. FEDERAL TAX & ACCOUNTING ACCOUNTING EITF alters view on calculating EPS for stock/cash distributions EITF to propose guidance on loan workouts, insurer deferred costs, casino base jackpots FASB warms to revised Perlmutter amendment; SEC supportive CHARITABLE CONTRIBUTIONS Charitable leaders say tax incentives major driver of giving CORPORATE REORGANIZATIONS Experts say rulings allow distribution by target firms prior to B reorgs Fluctuations in value guidance considered “high priority,” Treasury official says CORPORATE TAXES Proposed rules on stock basis recovery address uncertain areas, tax experts say ESTATE TAXES Permanent estate tax bill looking more likely in House, lawmakers say EXCISE TAXES Senate committee OKs bill banning tobacco shipments to recoup trafficking revenues EXEMPT ORGANIZATIONS IRS report on university compliance due in coming months, Ingram says HEALTH CARE Senate planning Nov. 21 test vote on health care before holiday break INFORMATION REPORTING IRS pilot program allows filers to shorten personal ID numbers on statements RETIREMENT PLANS Plans may have to be reamended for PPA due to complexity of rules TAX CREDITS Hundreds of thousands incorrectly claiming Hope tax credit, TIGTA says TAX LEGISLATION Geithner tells JEC he does not favor taxing financial transactions TAX REGULATIONS “Barrage” of pressing issues delayed FY 2010 guidance plan, Alexander says IRS likely to issue guidance business plan by end of November, chief counsel says TAX STATISTICS Statistics available from 2007 about Form 1042-S TAXPAYER PROTECTION TIGTA urges more protection of tax information at state agencies STATE TAX & ACCOUNTING COLORADO Republic Airways plans to shift jobs from Denver due in part to tax issues ELECTRONIC COMMERCE Recertification of North Carolina, Nevada makes 14 SSUTA-compliant states FLORIDA Florida addresses sourcing for custom software, information services exemption LOUISIANA Louisiana explains eligibility, claiming requirements for modernization tax credit INTERNATIONAL TAX & ACCOUNTING ACCOUNTING IASB clears IFRS 1 amendment, IFRIC guidance on debt-for-equity swaps IASB, FASB agree on treatment of revenue under licensing contracts BRAZIL Brazil surprises market, sets new tax on issuance of ADRs Brazilian factoring companies lose key dispute over social security tax RUSSIA Russian appeals court backs McDonald's in tax dispute with Moscow inspectorate TAX POLICY OECD urges debt-heavy governments to tax carefully as they whittle deficits UNITED KINGDOM U.K. tax agency puts final tax law rewrite measures before Parliament VIEWPOINT TAX SHELTERS What do “Country Pine” and Barry Goldwater have in common? TAX DECISIONS & RULINGS ACCOUNTING Ex-CEO of McKesson HBOC found guilty, ex-counsel acquitted in second fraud trial Financial fraud defendants lose bids for separate criminal trials LOCAL TAXES California court finds prepaid phone card vendor can seek telephone user tax refund STATE TAXES Owner of Manhattan bagel shop facing tax charges STOCK OPTIONS District court says Delaware demand excused in suit over options backdating TAX FRAUD Miami man sentenced for $9 million refund claim TAX LIENS Tax court finds no abuse of discretion in filing lien TAX SHELTERS IRS sustaining good track record on economic substance, official says TAXCORE TEXT CHARITABLE CONTRIBUTIONS Prepared remarks for House Ways and Means subcommittees joint hearing on food banks, front-line charities: Brian Gallagher, United Way Worldwide, Alexandria, Va. John Stephenson, J. Bulow Campbell Foundation, Atlanta Scott Wolf, Feeding America, Chicago Public Good IRA Rollover Act of 2009 (H.R. 1250), by Reps. Pomeroy, Herger EXCISE TAXES Bill (H.R. 4090) to modify private foundation investment income excise tax Senate Judiciary committee-reported substitute for S. 1147, Prevent All Cigarette Trafficking (PACT) Act of 2009 HEALTH CARE CBO cost estimate for Patient Protection and Affordable Care Act (substitute amendment for H.R. 3590) Tax excerpts from Senate Democratic leaders' section-by-section analysis substitute amendment for H.R. 3590) INFORMATION REPORTING Notice 2009-93 on pilot program allowing truncated payee ID numbers for certain information returns LOCAL TAXES TracFone Wireless Inc . v. Los Angeles TAX LEGISLATION Deloitte Tax LLP comparison of liabilities under certain proposed tax changes TAX LIENS Romero v. Commissioner CALENDAR Legislative Calendar President's Calendar CONGRESS Senate weekend health care vote planned prior to Thanksgiving holiday 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.