Tax Governance Institute Webcast To Examine Proposed IRS Disclosure Requirement on Uncertain Tax Positions

NEW YORK, Feb. 24 /PRNewswire/ -- The Tax Governance Institute (TGI) will hold a live video Webcast to discuss the Internal Revenue Service (IRS) announcement of a proposed tax return schedule requiring many large corporate taxpayers to disclose their uncertain tax positions and quantify the maximum related financial exposure. The Webcast, "Disclosing Uncertain Tax Positions to the Internal Revenue Service: A Conversation with the Chief Counsel of the IRS," is scheduled for Tuesday, March 2, from 2 p.m. to 3:30 p.m. (ET).

Board and audit committee members, CFOs, tax directors and other business professionals interested in attending this timely Webcast panel discussion on Announcement 2010-9 can register by logging on to: www.taxgovernanceinstitute.com.

"Announcement 2010-9 raises important conceptual, definitional and practical issues affecting the tax function, management, boards of directors, auditors and independent advisors," said Hank Gutman, director of TGI, former chief of staff of the U.S. Congressional Committee on Taxation, and panel moderator. "Our Webcast will assess the potential impact of the Announcement, address ambiguities, and discuss specific questions on which the IRS is seeking comment."

Sharing their insights on the topic will be panelists:

• William Wilkins, IRS Chief Counsel, who will provide further details on the IRS's new requirement, as featured panelist on the program.
• Henry C. Wolf, former chairman and chief financial officer of Norfolk Southern Corporation and currently chair of the audit committee of AGL Resources and audit committee member of Hertz Global Holdings, who will discuss the management and board perspective.
• Mark Bielstein, partner in charge of KPMG LLP's Accounting Group Department of Professional Practice, who will address issues of concern to auditors.

The Webcast is being presented as a follow-up to the January 26, 2010 announcement of the new schedule by Commissioner of Internal Revenue Douglas Shulman. Announcement 2010-9 provides details and solicits public comments, to be submitted to the IRS by March 29, 2010.

The Tax Governance Institute currently comprises more than 17,000 members.  Launched in early 2007, it provides a forum for board members, corporate management, stakeholders, and government representatives to share knowledge regarding the identification, oversight, management, and appropriate disclosure of tax risk.

KPMG LLP, the audit, tax and advisory firm (www.us.kpmg.com), is the U.S. member firm of KPMG International. KPMG International's member firms have 140,000 professionals, including more than 7,900 partners, in 146 countries.

SOURCE KPMG LLP

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED