Heather Maloy, IRS commissioner, large and mid-size business division, joined Ernst & Young LLP professionals this week for a discussion of the IRS proposal to require disclosure of uncertain tax positions on a schedule that will be attached to corporate income tax returns.
While the precise amount of sales tax revenue that is lost through online retailing may be in question, there is little doubt that the amounts are large enough to warrant attention by state budget directors who are looking for money.
Facing closer SEC scrutiny of financial reporting of income taxes and related internal controls, along with talent shortages, tax and financial executives need solutions that can help them work together to get the job done.
He's not a national celebrity himself, but celebrities like Maya Angelou, Mary Tyler Moore, and Britain's former princess Sarah Fergusson depend on him for their beauty. Now, Teddie Kossof is getting some media attention he'd like to avoid.
The IRS has announced that it is developing a schedule to be filed with the Form 1120 that will require certain business taxpayers to disclose and describe uncertain tax positions on their tax returns.