Announcement 2010-30 provides additional details and clarifications regarding
the type of information taxpayers will have to provide, but assumes that the IRS
has the authority to require a taxpayer to provide information on uncertain tax
With Announcement 2010-30 (April 19, 2010...
By Mary E. Monahan ,
Thomas A. Cullinan,
Joseph M. Depew,
Sheldon M. Kay , Jerome B. Libin,
Marc A. Simonetti , and
Kendall C. Jones
In January 2010, the IRS announced that it would require corporate taxpayers with assets of over $10 million and audited financial statements to file a...
McElroy is a partner with Pepper Hamilton LLP, resident in the
Washington D.C. office. She focuses on a broad variety of issues
involving both accounting methods and inventories. Ms. McElroy has
represented a number of clients in controversy matters, including IRS...
By Seth Green , Christopher S. Rizek , Patricia Gimbel Lewis On September 24, the IRS issued a package of guidance finalizing the
requirement that specified categories of corporate taxpayers include
information as to "uncertain tax positions" as part of their tax return
As the corporate tax filing season draws near, certain corporate taxpayers are required to report uncertain tax positions ("UTP") on their federal income tax returns. Public or privately held corporations that issue, or are included in, audited financial statements and that file a Form 1120...