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November 2009

Issue

Date

Subject

2009-530

November 20, 2009

Text of IRS Guidance on When and How to Elect to Carry Back a Net Operating Loss (NOL) Under the New Law

2009-529

November 19, 2009

IRS Pilot Program Allows Use of Truncated Social Security Numbers on Paper Statements for Individual Payees

2009-528

November 19, 2009

Legislative Update: Revenue Provisions in Senate Majority Leader’s Health Care Reform Bill

2009-527

November 18, 2009

New Legislation Provides Five-Year Carryback for 2008 or 2009 Net Operating Losses

2009-526

November 18, 2009

Legislative Update: Foreign Account Tax Compliance Act of 2009—Unexpected Implications

2009-525

November 16, 2009

Legislative Update: Taxwriters Introduce Bill Limiting Penalties for Certain Failures to Disclosure Reportable Transactions

2009-524

November 16, 2009

Final Regulations on Returns and Information Reporting by Corporations Concerning Statutory Stock Options Issued to Employees

2009-523

November 16, 2009

Final Regulations on Options Granted Under an Employee Stock Purchase Plan

2009-522

November 16, 2009

KPMG’s What’s News in Tax:


  • 2009 Temporary Regulations: Applicability of Section 367 to Section 304 Transactions
  • IRS Offers Roadmap for Relief from Potential U.S. Taxation of Foreign Group Relief Payments
  • Real Estate Developers Seek Tax-Free Treatment of Forfeited Deposits

2009-521

November 16, 2009

KPMG’s This Week in State Tax: Massachusetts (Resale Exemption); New Jersey (Realty Transfer Fee); Pennsylvania (Electricity Delivery Charges)

2009-520

November 13, 2009

Mutual Agreement on Share Attribution Under United States-Belgium Income Tax Treaty

2009-519

November 13, 2009

IASB and FASB Move Forward on Accounting for Financial Instruments

2009-518

November 13, 2009

Summary of the New Five-Year Carryback of Net Operating Loss Provision

2009-517

November 13, 2009

U.S. GAAP: New Tax Legislation Extending Loss Carryback May Affect Financial Reporting

2009-516

November 13, 2009

LMSB Field Directive on the Use of Estimates From Probability Samples

2009-515

November 13, 2009

IRS Interim Guidance on New Qualified Plug-in Electric Drive Motor Vehicle Credit

2009-514

November 13, 2009

IRS Guidance Modifying Rules for Determining Withholding From Wages Paid to Nonresident Alien Employees Performing Services in the United States

2009-513

November 13, 2009

Eighth Circuit Affirms Tax Court’s Decision on the Effect of a Disclaimer on an Estate’s Claim for a Charitable Deduction

2009-512

November 12, 2009

Tax Court: Taxpayer Can Include Costs of Production Molds Purchased From Third-Party Toolmakers and Sold to Customers as Cost of Supplies for Research Credit Purposes

2009-511

November 12, 2009

Insurance Industry Update: Provisions in New Law Relating to Extended Carryback Period for Loss From Operations of Life Insurance Companies

2009-510

November 12, 2009

FASB: Statement 167 to Be Deferred for Investment Management Arrangements

2009-509

November 11, 2009

Legislative Update: Text of Statutory Language of Health Care Reform Bill (as Approved by the House)

2009-508

November 10, 2009

Treaty Update: Status of Income Tax Treaties with Hungary and Poland; Senate Foreign Relations Committee Hearing on Tax Agreements with France, Malta, and New Zealand

2009-507

November 10, 2009

IRS Interim Guidance for Sponsors of Hybrid Plans to Amend the Interest Crediting Rate

2009-506

November 9, 2009

Tax Court Addresses Issues Concerning the Statute of Limitations in FPAA Proceedings

2009-505

November 9, 2009

KPMG’s This Week in State Tax: Arizona (Receipts Factor); California (Gain on Sale of Stock); Tennessee (Interest From Treasury Securities); Tennessee (Voluntary Disclosure Program); Texas (Third-Party Contract Manufacturing)

2009-504

November 9, 2009

Legislative Update: Version of Health Care Reform Bill Approved by the House Precludes “Black Liquor” From Qualifying for the Cellulosic Biofuel Producer Credit

2009-503

November 6, 2009

Treaty Update: JCT Explanations of Protocols to U.S. Income Tax Treaties with New Zealand and France, and New Income Tax Treaty with Malta

2009-502

November 6, 2009

Legislative Update: JCT Releases Revised Revenue Estimate of Revenue Provisions in House Health Care Reform Bill

2009-501

November 6, 2009

Interaction of New NOL Carryback Provision with Eligible Small Business NOL Election for 2008

2009-500

November 6, 2009

President Obama Signs Unemployment Compensation Legislation into Law; Expanded NOL Provisions, Homeowner Tax Credits Are Enacted

2009-499

November 6, 2009

FASB: Potential One-Year Deferral of Statement 167 for “Asset Managers”

2009-498

November 5, 2009

Legislative Update: Congress Approves Legislation Expanding NOL Provision with House Passage of the Unemployment Compensation Bill Today

2009-497

November 5, 2009

Legislative Update: JCT Issues Technical Explanation of Revenue Provisions in the House Health Care Reform Bill

2009-496

November 4, 2009

Legislative Update: Senate Passes Unemployment Compensation Bill

2009-495

November 4, 2009

Court of Federal Claims Dismisses Employer’s Claim for Employer Tax Credits; Employees Were Denied Certification by State Employment Agencies as Belonging to the Statutorily Defined Targeted Groups

2009-494

November 4, 2009

Legislative Update: Proposal for Second Generation Biofuel Producer Tax Credit Added to House Health Care Reform Bill

2009-493

November 3, 2009

Legislative Update: JCT Description, Revenue Estimate of Unemployment Compensation Bill (Pending in the Senate)

2009-492

November 2, 2009

KPMG’s This Week in State Tax: California (Proposed Sourcing Rules); Illinois (Fair Apportionment, Pipelines); Massachusetts (Use Tax Liability); Rhode Island (Proposed Gross Receipts Tax)

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