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September 2009

Issue	Date	Subject
2009-445	September 30, 2009	G-20 Leaders Call for a Single Set of High-Quality, Global Accounting Standards by 2011
2009-444	September 30, 2009	KPMG's This Week in State Tax-Quarterly
2009-443	September 30, 2009	IRS Updates the Rules for Determining Substantiation of Employee Lodging, Meals, and Incidental Expenses
2009-442	September 30, 2009	Legislative Update: Senators Introduce Climate Change Bill
2009-441	September 29, 2009	Legislative Update: JCT Description of Minimum Funding Rules for Defined Benefit Pension Plans
2009-440	September 29, 2009	Tax Court: Roth IRA Is an Ineligible S Corporation Shareholder
2009-439	September 29, 2009	LMSB Industry Director Memorandum Announces Examination of Auto Dealership Section 263A Issues Is Suspended Until December 31, 2010
2009-438	September 29, 2009	GAO Addresses Proposed Licensing and Registration Fees for Entities in Alcohol Business
2009-437	September 28, 2009	Proposed Regulations Clarify Which Corporations Are Included in a Controlled Group
2009-436	September 28, 2009	KPMG’s What’s News in Tax: Guidance Needed to Clarify Proper EIN Use After Partnership Mergers New Intercompany Transaction Regulations Provide Relief and Add an Interesting Twist to an Ongoing Debate Union Carbide Delivers Some Good News for Taxpayers, Sheds Light on Research Credit Gray Areas
2009-435	September 28, 2009	KPMG’s This Week in State Tax: Philadelphia (Sales Tax Rate Increase); Texas (Economic Substance); Washington (Nexus); Multistate (Business Climate Study)
2009-434	September 25, 2009	IRS Q&A Guidance on Rollovers From Employer Plans to Roth IRAs
2009-433	September 25, 2009	Final Regulations on Determination of Interest Expense Deduction of Foreign Corporations
2009-432	September 24, 2009	Temporary Regulations Clarify That Six-Year Limitations Period—Not Three-Year Period—Applies When Basis Overstatement Results in Qualifying Omission of Gross Income
2009-431	September 24, 2009	IRS Further Extends the Suspension of Penalty Enforcement Actions in Small “Listed Transaction” Cases Through December 31, 2009
2009-430	September 24, 2009	Legislative Update: Comparison of Revised OMB and JCT Revenue Estimates of International Tax Reform Proposals
2009-429	September 24, 2009	KPMG’s Accounting and Financial Reporting Quarterly Outlook
2009-428	September 24, 2009	IRS Guidance on 2009 Required Minimum Distribution Waiver
2009-427	September 23, 2009	Protocol to United States-Switzerland Income Tax Treaty Includes Exchange of Information Provisions
2009-426	September 23, 2009	IRS Updates FAQs Relating to Form 1120, Schedule M-3
2009-425	September 22, 2009	Legislative Update: Baucus Releases Modified Health Care Mark
2009-424	September 21, 2009	Tax Court Addresses Tax Treatment of Bank’s Income and Expenses Relating to Its Credit Card Business
2009-423	September 21, 2009	Ohio: State Supreme Court Holds Commercial Activity Tax Does Not Violate State Constitution; Court of Appeals Is Reversed
2009-422	September 21, 2009	IRS Expands Availability of Safe Harbor for Section 45 Wind Energy Production Tax Credits Involving Partnerships
2009-421	September 21, 2009	IRS Guidance on Extended Replacement Period for Livestock Sold on Account of Drought in Specified Counties
2009-420	September 21, 2009	IRS Extends Deadline for Taxpayers with Unreported Offshore Income to Participate in Voluntary Disclosure Initiative to October 15
2009-419	September 21, 2009	KPMG’s This Week in State Tax: Illinois (Services Taxation); Iowa (Use Tax); Ohio (Commercial Activity Tax); Oregon (Tax Amnesty)
2009-418	September 18, 2009	IRS LMSB Industry Directors' Directives on Examinations of Mixed Services Costs and Super Completed Contract Method; Change of Status of Tier II Issue on Contractual Allowance Issues in Healthcare Industry
2009-417	September 17, 2009	Sixth Circuit Remands for Determination Whether Fees Paid to Law Firm Relating to Abusive Tax Shelter Are Nonpartnership Items and Barred by Statute of Limitations
2009-416	September 17, 2009	IRS Identifies Stock of Foreign Corporation Not to Be Considered for Purposes of “Ownership Condition” Under Section 7874
2009-415	September 16, 2009	IRS Provides Recent Update of FAQs on Form 1065
2009-414	September 16, 2009	Legislative Update: Baucus Releases Health Care Reform Description
2009-413	September 16, 2009	Final Regulations on Information Reporting for Discharges of Indebtedness
2009-412	September 15, 2009	IRS Must Receive QI Applications for 2009 by November 27
2009-411	September 15, 2009	Connecticut: Recent Changes to Corporate, Individual, and Sales and Use Tax Provisions
2009-410	September 15, 2009	Proposed Regulations Define Solid Waste Facilities for Tax-Exempt Bond Purposes
2009-409	September 15, 2009	Final Regulations Modify REMIC Rules to Expand Permitted Commercial Mortgage Loan Modifications; IRS Issues Related Guidance and Requests Comments
2009-408	September 14, 2009	Legislative Update: JCT Description of Administration’s Revenue Proposals Relating to International Tax Provisions
2009-407	September 14, 2009	Proposed Regulations on Exclusion Under Section 104(a)(2) for Personal Injuries or Illnesses
2009-406	September 14, 2009	KPMG’s What’s News in Tax: Applying the Holding Period Requirement for Zero-Rate Withholding Automatic Method Changes Clarified in Discussion with IRS Officials Highly Anticipated Decision in Textron Leaves Many Unresolved Matters Preventing Acceleration of Deferred COD Income under the Consolidated Intercompany Transaction Regulations Recent Updates Regarding Automatic Accounting Method Changes in Revenue Procedure 2009-39 The Services Regulations Go Final, But an Issue Lingers Waiving a Loss Today to Prevent Stock Basis Reduction Tomorrow
2009-405	September 14, 2009	KPMG’s This Week in State Tax: California (Use Tax Registration Requirement); Colorado (Appeals Procedures); Connecticut (Budget Legislation); New York (Taxability); Texas (Sale for Resale)
2009-404	September 11, 2009	FASB Task Force Reaches Two Final Consensuses
2009-403	September 11, 2009	IRS Reminds Taxpayers of NOL Election Deadlines
2009-402	September 11, 2009	IRS Updates Mediation Procedures for Cases in the Appeals Administrative Process
2009-401	September 11, 2009	Regulations Clarify That Disregarded Entities Are Treated as Corporations for Employment, Excise Tax Administrative Purposes
2009-400	September 10, 2009	Protocol to United States-France Income Tax Treaty Is Sent to the U.S. Senate
2009-399	September 10, 2009	FASB Reduces Nonpublic Entities’ Disclosures for Uncertainty in Income Taxes
2009-398	September 10, 2009	Proposed Regulations on Disclosure of Listed Transactions Intended to Reduce Generation-Skipping Transfer Tax
2009-397	September 9, 2009	IRS Procedures and Additional Circumstances for Multiemployer Plan Elections
2009-396	September 9, 2009	Legislative Update: Text of JCT Description of Administration’s Revenue Proposals Affecting Businesses
2009-395	September 9, 2009	Legislative Update: JCT Description of Administration’s Oil and Gas Tax Proposals
2009-394	September 9, 2009	Reminder: Federal Tax Provisions Scheduled to Expire in 2009
2009-393	September 9, 2009	IRS Provides Look-Through Treatment for RICs Holding Interest in Public-Private Investment Partnerships
2009-392	September 8, 2009	Legislative Update: Text of JCT Description of Administration’s Revenue Proposals Affecting Individual Taxpayers
2009-391	September 8, 2009	Legislative Update: Baucus Releases Outline of Health Care Reform Plan
2009-390	September 8, 2009	United States, Monaco Sign Tax Information Exchange Agreement
2009-389	September 8, 2009	Ninth Circuit: Gain Cannot Be Deferred in Like-Kind Exchanges Between Related Parties; Tax Court’s Decision Is Affirmed
2009-388	September 8, 2009	Final Regulations Establish the Procedures for Contesting Gift Tax Determinations in the Tax Court
2009-387	September 8, 2009	IRS Determines ICE Futures Canada Is a Qualified Board or Exchange for Purposes of Section 1256
2009-386	September 8, 2009	Text of Technical Guidance Concerning IRS’s Savings Initiative, Individual Taxpayers’ Retirement
2009-385	September 8, 2009	FASB Proposal to Expand Disclosures About Fair-Value Measurements
2009-384	September 4, 2009	Final Regulations on Reasonable Good Faith Interpretation of Required Minimum Distribution Rules by Governmental Plans
2009-383	September 4, 2009	Final Regulations Concerning Employer Comparable Contributions to HSAs Under Section 4980G, and Requirement of Return for Filing of the Excise Tax Under Section 4980B, 4980D, 4980E or 4980G
2009-382	September 4, 2009	IRS Rules That Disallowed Interest Under Section 264(a)(4) Reduces Earnings and Profits of the Tax Year in Which the Interest Would Have Been Allowed as a Deduction
2009-381	September 3, 2009	IRS Extends Period for Obtaining Reasonable Cause Relief for Late Entity Classification Elections
2009-380	September 3, 2009	Tax Court Denies Taxpayer’s Motion for Production of Tax Opinions Relating to Tax Shelter
2009-379	September 3, 2009	Temporary Consolidated Return Regulations Provide an Election to Treat Liquidation of a Target, Followed by Recontribution to a New Target, as a Cross-Chain Reorganization in Limited Circumstances
2009-378	September 2, 2009	Tax Court: Res Judicata Does Not Bar the Taxpayer or IRS From Addressing the Effects of NOL Carrybacks to Years at Issue
2009-377	September 2, 2009	FASB: Scope of Accounting Requirements for Decreases in Ownership of a Subsidiary
2009-376	September 1, 2009	Tax Court: Basis Overstatement Does Not Constitute a Substantial Omission From Gross Income Triggering a Six-Year Statute of Limitations
2009-375	September 1, 2009	IRS Revenue Ruling Considers Reinsurance Arrangement Involving Reinsurance of a Block of Insurance Contracts

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