Tax Law

Recent Posts

ALERT: Certainty for Reporting Uncertain Tax Positions (UTP) to IRS
Posted on 19 Oct 2010 by Caplin and Drysdale

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"... Read More

IRS Releases Final Schedule UTP and Instructions
Posted on 30 Sep 2010 by McDermott Will & Emery

By Robin L. Greenhouse , Joseph H. Selby , Kevin Spencer and Justin Jesse On September 24, 2010, the IRS issued the final Schedule UTP and instructions that require corporations to report so-called "uncertain tax positions," or UTPs.... Read More

Schedule UTP Reporting and Proposed Treasury Regulations to Implement
Posted on 13 Oct 2010 by Pepper Hamilton LLP

By Ellen McElroy Ellen 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... Read More

The IRS Adopts Largely Taxpayer-Favorable Changes To Schedule UTP
Posted on 5 Oct 2010 by Eversheds Sutherland LLP

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... Read More

IRS Releases Draft Schedule and Instructions for Reporting Uncertain Tax Positions
Posted on 30 Apr 2010 by Robin L. Greenhouse and Rachel E. Aaronson

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 positions... Read More