Tax News | BNA Software
IRS Backs Off Maximum Tax Adjustment, Phases In UTP Requirements »
The Internal Revenue Service Sept. 24 significantly revised its schedule for certain businesses to report their uncertain tax positions, setting up a five-year phase-in plan, and eliminating a troublesome requirement that Schedule UTP filers include a calculation of the maximum tax adjustment (MTA) to a position.
Business Groups Urge Accelerated Depreciation Extension to Help Economy »
Accelerated depreciation tax provisions should be extended to provide an immediate boost to the economy and assist in capital formation for U.S. companies, along with other actions to help them compete globally, Business Roundtable Chairman Ivan Seidenberg said June 22.
IRS Working on Consolidated Groups Guidance for NOL »
The Internal Revenue Service and Treasury Department soon will issue guidance to address issues for consolidated groups raised by the recently enacted five-year net operating loss carryback, a senior Treasury official said April 29.