For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
IRS unveils final regulations (T.D. 9510) giving the agency authority to require disclosure of uncertain tax positions, with an effective date change that one practitioner says pushes back the date taxpayers will have to file the first round of forms. In general, the guidance allows IRS to require corporations to file a schedule revealing their uncertain tax positions to the government. The rules are unchanged from the proposed rules (REG-119046-10), with the exception of an effective date that moved from Dec. 15, 2009, to Jan. 1, 2010. The guidance is the latest development in a mandate that many taxpayers have viewed as changing the landscape of disclosure. IRS notes in the preamble that it would not adopt a taxpayer's request to address privilege issues because the rules are intended to address only the issue of IRS's authority to mandate that the Schedule UTP, Statement of Uncertain Tax Position, be filed. While the original rules applied to returns filed for tax years beginning after Dec. 15, 2009, and ending after the date of publication in the Federal Register, the final regulations apply to returns filed for tax years beginning on or after Jan. 1, 2010.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)