The Final Draft of Schedule UTP for 2010 and The Latest IRS Guidance on Disclosing Your Uncertain Federal Income Tax Positions

 

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The 2010 Schedule UTP and Instructions are now in final form. Certain corporate income taxpayers must now file this form and eventually many more will have to follow suit. Simultaneously IRS issued guidance explaining the changes it made - or did not make - to the draft Schedule UTP released in April and announcing changes to its “policy of restraint” plus an internal directive. Our program will cover those changes and their significance to you including:

- Overview of 2010 Schedule UTP & Instructions
- Summary of the latest IRS guidance
- Commentary on issues for financial accounting and tax return reporting, including the impact on
   privileges you may claim
- A look ahead

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 104026
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

Featured Speakers for The Final Draft of Schedule UTP for 2010 and The Latest IRS Guidance on Disclosing Your Uncertain Federal Income Tax Positions LIVE Webcast


Proposed Agenda (click here to view more)
ALL TALKING POINTS:


- A Brief History Of Schedule UTP

      - FIN 48
      - Corporate Transparency


- A Brief History of the IRS's Policy of Restraint in requesting Tax Accrual Workpapers
- IRS's 2010 Announcements
- Schedule UTP and Instructions


      - Who Must File & When
      - What Must Be Reported
      - Multi-Year Items & Transitional Year Items
      - Beneficial Uses of Schedule UTP


- Announcement 2010-75 & Selected Issues Surrounding Schedule UTP

      - Relief Granted by Announcement 2010-75
      - Potential Overdisclosure or Underdisclosure or Overdisclosure of Uncertain Positions
      - Schedule UTP and Potential Penalties


- How Announcement 2010-76 modifies the IRS's Policy of Restraint
- A Review of Privileges in Tax Advice and Tax Accrual Workpapers
- The Latest Developments in Work Product Privilege, including Deloitte and Textron
- A Consideration of Selected Privilege Issues in Complying with Schedule UTP
- The IRS's Directive A Look Ahead

      - Schedule UTP and IRS's Prioritization of Audit
      - Schedule UTP and IRS's Ability to Issuer Better Guidance Sooner
      - The Impact of Schedule UTP on Tax Planning and Income Tax Audits
      - Schedule UTP, Tax Information Exchange and the Adoption of Similar Disclosuresate by Foreign         and State Tax Authorities


Villanova University Law School
J. Richard “Dick” Harvey, Jr.
Distinguished Professor of Practice
former Senior Advisor to IRS Commissioner Douglas Shulman
                       speaker bio »»

Greenberg Traurig, LLP
Phillip A. Pillar
Shareholder
speaker bio »»

KPMG
Michael J. McGoldrick
Director
speaker bio »»

Who Should Attend?

- All Tax Executives
- Chief Financial Officers
- Chief Compliance Officers
- General Counsel
- Tax Counsel
- Tax Advisors
- Auditors
- Tax Attorneys
- CPAs
- Tax and audit professionals

Why Attend?

This is a must attend event to highly affected professionals to get updated on the latest issues about Schedule UTP for 2010 and the latest IRS guidance on disclosing your uncertain federal income tax positions.
- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    


Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.

 

 


The Final Draft of Schedule UTP for 2010 and The Latest IRS Guidance on Disclosing Your Uncertain Federal Income Tax Positions Firm LIVE Webcast
Speaker Firms:




 

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We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

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The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

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Enrolled Agents Sponsor ID Number: 760

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