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April 2009

Issue

Date

Subject

2009-193

April 30, 2009

IRS Issues Guidance on Median Gross Income Amount to be Used By Issuers of Qualified Mortgage Bonds and Mortgage Credit Certificates

2009-192

April 30, 2009

Extension of Date for Multiemployer Plan Elections

2009-191

April 29, 2009

Legislative Update: Congress Set to Approve Budget Resolution

2009-190

April 29, 2009

Proposed Regulations Set Forth Method for Determining Portion of Trust Corpus Includible in Grantor’s Gross Estate When Graduated Retained Interest in a Trust Is Reserved

2009-189

April 27, 2009

Tax Court: Taxpayer Allowed $65 Million Deduction Paid as Termination Fee; Taxpayer Not Required to Capitalize the Fee Because There Were No Long-Term Benefits (Pre-Final INDOPCO Regulations Case)

2009-188

April 27, 2009

KPMG’s What’s News in Tax:


  • Royalty Income Can Satisfy the Trade or Business Criterion for the Research Credit
  • Sections 355(c) and 361(c): A Rescue Package Is Needed
  • Tax Court Addresses Claim of Offset Against Deferred Payments
  • IRS Continues to Permit Deferral of Some Unbilled Revenue from Government Contracts

2009-187

April 27, 2009

KPMG’s This Week in State Tax: California (Sales and Use Tax); Louisiana (Tax Amnesty); Minnesota (Proposed Corporate Tax Changes); Virginia (Extraterritorial Taxes)

2009-186

April 24, 2009

IRS Revises the Procedures for Taxpayers Electing a Three-, Four-, or Five-Year Carryback of an Eligible Small Business NOL From 2008

2009-185

April 24, 2009

IRS to Issue Certification Procedures for Qualified Plug-in Electric Vehicles

2009-184

April 22, 2009

IRS Guidance for Manufacturers, Taxpayers on the Certification of Residential Property for the Energy-Efficient Tax Credit

2009-183

April 22, 2009

IRS Reviews the Rules for Certain Energy-Related Tax Benefits Included in the 2009 Act

2009-182

April 22, 2009

Legislative Update: JCT Description of Tax Incentives for Energy Production and Conservation

2009-181

April 20, 2009

IRS Announces New Commissioner for LMSB Division, and Other IRS Leadership Roles

2009-180

April 20, 2009

KPMG’s This Week in State Tax: California (Sales Factor); Colorado (Manufacturing Exemptions); Connecticut (Affiliate Nexus); Massachusetts (Unitary Business); National (e-Commerce Study)

2009-179

April 17, 2009

D.C. Circuit: Information on IRS’s LILO Settlement Practices Is Covered by FOIA Exemption and Is Not Subject to Disclosure

2009-178

April 16, 2009

IRS Provides Guidance for Employers on Income Tax Withholding, FICA, and FUTA Obligations on Differential Pay Made to Employees on Active Military Duty

2009-177

April 16, 2009

Phase-out Schedule for Advanced Lean Burn Technology Motor Vehicle Credit and Hybrid Motor Vehicle Credit for Vehicles Manufactured by the Ford Motor Company

2009-176

April 14, 2009

Draft Revenue Procedure Contains Proposed Pre-Approval Guidelines for Prototype Plans Under Section 403(b)

2009-175

April 13, 2009

Proposed Regulations on Determination of Distributive Share of Partnership Items When a Partner’s Interest Changes

2009-174

April 13, 2009

Text of Additional IRS Guidance on Application of Section 382 to Corporations Whose Stock or Instruments Are Acquired by Treasury

2009-173

April 13, 2009

Final FASB Staff Positions on Fair-Value Measurements, Other-Than-Temporary Impairments, and Interim Disclosures of Fair Value

2009-172

April 13, 2009

KPMG’s What’s News in Tax:


  • Amen for Amnesty: An Overview of Current State Amnesty Programs
  • Carrying Back a Net Operating Loss Could Eliminate a Domestic Production Activities Deduction
  • Customs Valuation: A “Taxing” Concern for Unsuspecting Tax Managers
  • Final Regulations Address Application of the Continuity of Interest Requirement to Reorganizations of Insolvent Corporations
  • To Capitalize or to Expense: How Section 263A Treats Royalties
  • Unit of Property for Network Assets

2009-171

April 13, 2009

KPMG’s This Week in State Tax: California (Advertising Sales); Connecticut (Proposed Corporate Tax Surcharge); Kentucky (Payroll Factor); Massachusetts (Economic Substance); North Carolina (Sales Price)

2009-170

April 10, 2009

IRS Guidance on Effect of Certain Actions Under the Home Affordable Modification Program

2009-169

April 9, 2009

Tax Court Concludes Digital Option Spread Transactions Lacked Economic Substance

2009-168

April 9, 2009

Luxury Automobile Depreciation Limitations for 2009

2009-167

April 8, 2009

2009 Inflation Adjustment Factors, Reference Prices for Section 45 Credit for Renewable Electricity, Refined Coal Production

2009-166

April 8, 2009

Proposed FASB Statement Would Make Codification GAAP

2009-165

April 7, 2009

IRS Clarifies Certain Credit, Debit Card Fees Related to Electronic Payments of Individual Income Taxes May Be Deductible

2009-164

April 6, 2009

Certain Taxpayers Have Until April 17, 2009, to Make (or Revoke) Elections or to File Tentative Carryback Claims for NOLs Arising in Tax Periods Ending Before February 17, 2009

2009-163

April 6, 2009

IRS Guidance Relating to Qualified Energy Conservation Bonds and New Clean Renewable Energy Bonds

2009-162

April 6, 2009

IRS Guidance for Allocation of Credits Relating to Qualified Gasification Project and Qualified Advance Coal Project Programs

2009-161

April 6, 2009

Implications of Modifying Underwater Share Options

2009-160

April 6, 2009

KPMG’s This Week in State Tax: Alabama (Pass-through Entities); Arizona (Tax Amnesty); Ontario, Canada (Proposed Sales Tax Regime); Utah (Pass-through Entities)

2009-159

April 3, 2009

FASB Staff Position: Recognition and Measurement in a Business Combination of Assets and Liabilities Arising From Contingencies

2009-158

April 3, 2009

IRS Extends the Transitional Rule on Biodiesel Fuel Credit

2009-157

April 3, 2009

IRS Releases Guidance Under the Build America Bond Program and Other Bond Programs

2009-156

April 3, 2009

FASB to Issue Guidance on Fair-Value Measurements, Other-Than-Temporary Impairments, and Interim Disclosures of Fair Value

2009-155

April 2, 2009

IRS Grants Disaster Relief to Taxpayers Affected by Flooding in Minnesota and North Dakota

2009-154

April 1, 2009

Solar Power Agreements: Service Contracts or Leases?

2009-153

April 1, 2009

Nonconventional Source Fuel Credit, Inflation Adjustment Factor, and Reference Price for Coke and Coke Gas for 2008

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