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July 2009

Issue

Date

Subject

2009-334

July 31, 2009

Legislative Update: Neal Introduces Foreign Affiliate Reinsurance Bill

2009-333

July 30, 2009

Ninth Circuit Remands Taxpayer’s Suit for Wrongful Disclosure of Tax Return Information for a Determination When the Taxpayer Discovered the Allegedly Wrongful Disclosures

2009-332

July 30, 2009

Federal Circuit: Partnership’s Overstatement of Basis Was Not an Omission From Gross Income; Thus, Three-Year Statute of Limitations Applies—Not the Six-Year Limitations Period

2009-331

July 30, 2009

Final Regulations on Designated Summonses

2009-330

July 29, 2009

Multistate: Update of State Corporate Income Tax Legislative Developments

2009-329

July 29, 2009

Federal Circuit: No Refund Allowed to U.S. Parent Company When Limitations Period Pertaining to FSC Was Not Similarly Open

2009-328

July 28, 2009

IRS Weighs Issuing Guidance Concerning Withholding Issues and Tax Treatment of “Fails Charges” Paid for Failures to Deliver U.S. Treasury Securities

2009-327

July 27, 2009

IRS Guidance on Federal Tax Treatment of Payments Made Under the Forest Health Protection Program

2009-326

July 27, 2009

Temporary Rule on Recordkeeping and Registration Requirements for Producers, Dealers of Alcohol Beverage

2009-325

July 27, 2009

KPMG’s This Week in State Tax: California (Pending Budget); California (Tax Base); Illinois (Electricity Is Tangible Personal Property); Oregon (Tax Rate Increase); Multistate (Attributional Nexus)

2009-324

July 24, 2009

Federal District Court Holds for Taxpayer on a Research Credit Claim for Internal-Use Software Development

2009-323

July 24, 2009

Proposed Regulations Update the Rules, Procedures for Taxpayer Assistance Orders

2009-322

July 23, 2009

Eleventh Circuit: Crew Member of Commercial Fishing Vessel Is Subject to 50% Limit on Deduction for Food and Beverage Expense

2009-321

July 22, 2009

Legislative Update: Senators Levin, McCain Introduce Stock Options Bill

2009-320

July 20, 2009

FASB and IASB: Significant Changes to the Recognition and Measurement of Financial Instruments

2009-319

July 20, 2009

IRS List of Tax Benefits in American Recovery and Reinvestment of 2009

2009-318

July 20, 2009

KPMG’s This Week in State Tax: Massachusetts (Sales Tax Rate Increase); Massachusetts (R&D Exemption); New Hampshire (Collection of Tax for Other States); New Jersey (Apportionable Income)

2009-317

July 17, 2009

Legislative Update: Ways and Means Approves Revenue Provisions of Health Care Bill

2009-316

July 17, 2009

FASB to Develop a Disclosure Framework

2009-315

July 16, 2009

Legislative Update: Ways and Means Begins Markup of Health Care Bill

2009-314

July 16, 2009

Legislative Update: Treasury Proposals for Executive Compensation Legislation

2009-313

July 15, 2009

Text of IRS Guidance on “Transactions of Interest” and Updated List of “Listed Transactions”

2009-312

July 15, 2009

Proposed Regulations to Simplify the Election to Claim a Reduced Research Credit in Lieu of Reducing Deductions for Research Expense

2009-311

July 14, 2009

Legislative Update: House Leaders Introduce Health Reform Bill with Income Surtax, Business Tax Provisions

2009-310

July 14, 2009

Follow-Up Discussion: Treasury Guidance on Payments for Specified Energy Property in Lieu of Tax Credits

2009-309

July 14, 2009

Massachusetts: Combined Reporting Regulation Provides Additional Guidance on Combined Reporting Regime

2009-308

July 13, 2009

Fourth Circuit: Amended Order Directing District Court to Enter Judgment Pursuant to Jury Verdict in Taxpayer’s Favor in Tax Refund Case Arising From Inventory Sales

2009-307

July 13, 2009

Third Circuit Joins Eighth Circuit to Hold Taxpayer Is Not Entitled to Deductions for Payments Made to Redeem Stock Held by ESOP

2009-306

July 13, 2009

KPMG’s What’s News in Tax:


  • Another Bailout Recipient: Section 382
  • Domestically Controlled REITs Under FIRPTA
  • States Could Be Studying Vendor Compensation as Revenue Source

2009-305

July 13, 2009

KPMG’s This Week in State Tax: Delaware (Tax Amnesty); Kansas (Sales and Use Tax Refund Claims); Louisiana (Tax Amnesty); New York (Franchisor Reports); Oregon (Tax Amnesty); Washington (True Object Test)

2009-304

July 10, 2009

IASB Issues Simplified Version of IFRS That U.S. Nonpublic Companies May Use

2009-303

July 10, 2009

IRS Interim Procedures Concerning Vehicles That Qualify for the Alternate Plug-in Electric Vehicle Credit For Low-Speed or Two- or Three-Wheeled Vehicles

2009-302

July 9, 2009

Treasury Guidance on Renewable Energy Grant in Lieu of Tax Credit Program

2009-301

July 7, 2009

IRS LMSB Directives on Tier I and Tier II: Mixed Service Cost Issue—Tier I Issue Downgraded to Monitoring Status; Guidance on Tier II Issue on Casualty Losses Affecting Electric Utility Transmission and Distribution Properties

2009-300

July 7, 2009

Legislative Update: IRS Responds to Lawmakers’ Request to Suspend Collection of Penalties in Small “Listed Transaction” Cases

2009-299

July 7, 2009

FASB Codification to Be Sole Reference Source for Authoritative GAAP

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