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March 2009

Issue	Date	Subject
2009-152	March 31, 2009	IRS Guidance on Premium Assistance for COBRA Continuation Coverage
2009-151	March 31, 2009	Tax Court Addresses “Check-the-Box” Regulations Concerning Unpaid Employment Tax Liability of a Single-Member LLC
2009-150	March 31, 2009	Tax Court: Like-Kind Exchange Rules Not Satisfied When the Replacement Property Was Purchased From a Party Related to the Taxpayer
2009-149	March 31, 2009	Legislative Update: Ways and Means Subcommittee Hearing Considers Bank Secrecy and Tax Avoidance
2009-148	March 31, 2009	KPMG’s What’s News in Tax Allocating Liabilities Among Related Partners: Determining the Impact of IPO II Recent Changes to the People’s Republic of China Business Tax Renew Concerns IRS Continues to Challenge Deferral of Revenue From Gift Cards Oil and Gas Distributors May Face Complex Nexus Issues
2009-147	March 31, 2009	KPMG’s This Week in State Tax: California (Dividends-Received Deduction); California (IRS Notice 2008-83); Missouri (Prepaid Debit Cards); New York (Internet Advertising)
2009-146	March 30, 2009	Legislative Update: JCT Estimate of Budget Effects of Revenue Provisions in 2010 Budget Proposal
2009-145	March 27, 2009	IRS Modifies Amounts of Transportation Fringe Benefit Exclusion and Election to Expense Certain Depreciable Assets for 2009
2009-144	March 27, 2009	IRS Guidance for Multiemployer Plan Elections and Notice Procedures
2009-143	March 26, 2009	Legislative Update: Baucus Bill Would Make “Middle-Class” Tax Cuts Permanent
2009-142	March 26, 2009	FASB-IASB Preliminary Views on Lessee Accounting
2009-141	March 26, 2009	First Circuit to Reconsider Textron Workpapers Case en Banc; Earlier Judgment That Work-Product Privilege Applied Is Vacated
2009-140	March 25, 2009	Legislative Update: Budget Committees Decline to Outline Tax Expenditures
2009-139	March 25, 2009	Wisconsin: Summary of New Combined Reporting Provisions
2009-138	March 24, 2009	Italian Parliament Approves the 1999 Income Tax Treaty with the United States
2009-137	March 24, 2009	KPMG's This Week in State Tax-Quarterly
2009-136	March 24, 2009	Union Carbide v. Commissioner: Nearly a Decade of Tax Court Silence on Section 41 Is Broken
2009-135	March 24, 2009	FASB’s Emerging Issues Task Force Reaches Proposed Consensuses
2009-134	March 24, 2009	KPMG’s This Week in State Tax: Mississippi (Sales Tax for Digital Products); New Jersey (Tax Amnesty); New Mexico (Corporate Estimated Payments); New York (Sales Tax Remittances)
2009-133	March 19, 2009	Legislative Update: House Approves Bonus Clawback Bill
2009-132	March 19, 2009	FASB Proposals on Fair-Value Measurements and Other-Than-Temporary Impairments
2009-131	March 18, 2009	Legislative Update: Senators Baucus and Grassley Announce Proposal for Executive Compensation Legislation; Ways and Means Chairman Rangel Introduces a Related Bill
2009-130	March 18, 2009	Legislative Update: JCT Issues “Bluebook” of Tax Legislation Enacted in the 110th Congress
2009-129	March 18, 2009	Legislative Update: House Bill Would Extend FAA Taxes
2009-128	March 17, 2009	IRS Guidance Provides That Losses From a “Ponzi” Scheme Are Theft Losses; IRS Provides Optional Safe Harbor for Deducting These Theft Losses
2009-127	March 17, 2009	Revised Instructions to Form 1045 and Form 1139 for “Quick Refunds” Relating to Three-, Four-, or Five-Year Carryback of an Eligible Small Business NOL
2009-126	March 16, 2009	Text of Interim Rules on Asset Valuation Methods for Use by Single Employer Defined Benefit Plans for Minimum Funding Purposes
2009-125	March 16, 2009	Tax Court Addresses Securities Lending Arrangement Under Section 1058(b)(3)
2009-124	March 16, 2009	IRS Procedures for Taxpayers to Elect Three-, Four-, or Five-Year Carryback of an Eligible Small Business NOL
2009-123	March 16, 2009	IRS Continues to Release Changes to FAQs on Form 1065
2009-122	March 16, 2009	IRS Adds New Items to FAQs on e-File for Large and Mid-Size Corporations
2009-121	March 16, 2009	KPMG’s What’s News in Tax: Partnerships and New Section 108(i): Not Exactly a Match Made in Heaven Important Excise Tax Developments IRS Lists 10 Tier III Industry Issues Managing Excess Cash in a REIT
2009-120	March 16, 2009	KPMG’s This Week in State Tax: California (Proposed Sales and Use Tax Audit Procedures); Illinois (Internal Guidance); New York (Budget Proposals); Tennessee (Imposition of Occupancy Tax)
2009-119	March 13, 2009	FASB-IASB Advisory Group Requests Input on the Standard-Setting Implications of the Financial Crisis
2009-118	March 11, 2009	FASB Roundtable on Proposed Loss-Contingency Disclosures
2009-117	March 11, 2009	Seventh Circuit Reverses Tax Court, and Finds Executive’s Compensation Was Not Excessive
2009-116	March 11, 2009	Legislative Update: Finance Floats Draft Bill on Tax Havens
2009-115	March 10, 2009	Tax Court Addresses Taxpayer’s Claims for Additional Research Credits
2009-114	March 10, 2009	Puerto Rico: Tax Measures, Revenue Raisers Included in Fiscal Stabilization Legislation
2009-113	March 9, 2009	Legislative Update: JCT List of Federal Tax Provisions Expiring in 2008-2020
2009-112	March 9, 2009	Proposed Changes to Conduit Financing Regulations
2009-111	March 9, 2009	Description of Tax Provisions Specific to Financial Institutions in the American Recovery and Reinvestment Act of 2009
2009-110	March 9, 2009	KPMG’s This Week in State Tax: Alabama (Sales Transaction); California (Federal Adjustments); Colorado (Vendor Discount); Illinois (Nexus)
2009-109	March 5, 2009	Massachusetts: Work-Product Doctrine Protects Memoranda Prepared by Accounting Firm From Disclosure
2009-108	March 4, 2009	IRS Revises FAQs Relating to Form 1065
2009-107	March 3, 2009	Tax Governance Institute Webcast: Identifying and Managing Tax Risks in an Economic Downturn (March 12, 2009)
2009-106	March 3, 2009	Legislative Update: Tax Havens Bill Introduced
2009-105	March 2, 2009	KPMG’s What’s News in Tax: Eligibility for Treaty Benefits under U.K.-U.S. Income Tax Treaty Who Is a Tax Return Preparer? Energy Provisions in the American Recovery and Reinvestment Tax Act of 2009 Ordinary Treatment for Fannie Mae and Freddie Mac Preferred Stock
2009-104	March 2, 2009	KPMG’s This Week in State Tax: Illinois (Public Utility’s ITC); Minnesota (Tangible Personal Property); New Hampshire (Proposal on Out-of-State Sales); Virginia (Telecommunications Tax)

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