LexisNexis® Legal Newsroom
IRS Transparency Moves Portend Audit Encroachment

Attention to transparency enhancement aspirations enunciated in Announcement 2010-9 will be ncreasing as the June 1 deadline for comment approaches. Concerns are manifold, in spite of assurances being offered by Commissioner Shulman and others at the Service since the Announcement was released in January...

Proposed Schedule UTP Disclosure Requirements Striking a Nerve

Proposed uncertain tax position disclosure requirements, first enunciated in Announcement 2010-9 last January, are better defined now that the Service has rolled out Schedule UTP. Now potentially affected taxpayers are getting even more testy in challenging the integrity of the proposed reporting regime...