Tuesday, November 6, 2007

What to Expect During Upcoming IRS Examinations

by Ellen McElroy and Christian Wood (Pepper Hamilton LLP)

In upcoming examinations the IRS is giving priority to non-shareholder contributions, Section 936 exit strategies, Section 41 credit claims, Section 199 domestic production deductions, as well as claims of foreign tax credits and use of hybrid instruments.

As a brief review, for examination purposes, the IRS has designated certain tax issues into one of three tiers, based on a combination of factors, including the likelihood of taxpayer non-compliance, the presence of established legal authority, and the implication of substantial revenue. Examiners must raise Tier I issues, and once a Tier I issue has been raised, any resolution of the issue must be approved by LMSB (Large and Mid-Size Business division) executives. Unlike traditional IRS examinations that have been fully resolved by the exam team, LMSB specialists must approve Tier I issue settlements. IRS examining agents are directed to examine all Tier II issues, but are not required to do so. The examinations of Tier III issues follow traditional examination procedures.



Anonymous said...

ugg ブーツ
UGG ブーツ

[url=http://www.agubaileybuttontriplet.com/]ugg ムートン[/url]
[url=http://www.classicminiboots.com/]ugg ムートン[/url]
[url=http://www.aguultratall.com/]UGG ブーツ[/url]

http://www.aguultratall.com/ アグ
http://www.metallicboots.com/ ugg
http://www.classicminiboots.com/ アグ
http://www.agubaileybutton.com/ ugg ムートン
http://www.agubaileybuttontriplet.com/ ugg アグ

Anonymous said...

シャネル 財布
beats by dre uk
dr dre beats
Woolrich Outlet Online

[url=http://www.straievil.com/netoraji/upload/handbags.html]シャネル バッグ[/url]
[url=http://www.bennynato-onlus.org/public/allegati/Monster-Beat.html]Cheap Beats by Dre[/url]
[url=http://www.woolrichtoit.com/]Woolrich Parka[/url]
[url=http://www.straievil.com/netoraji/upload/handbag.html]シャネル 財布[/url]

http://www.bennynato-onlus.org/public/allegati/Cheap-Monster-Beats.html beats by dre uk
http://www.woolrichv.com/ Woolrichs
http://www.prioryvale.net/Monster-Beat.html dr dre beats
http://www.prioryvale.net/Monster-Beats.html beats by dre uk
http://www.straievil.com/netoraji/upload/moncler.html モンクレール アウトレット

ugg メンズ
モンクレール ダウン
spaccio woolrich bologna
woolrich bologna

http://www.prioryvale.net/beatsbydre.html beats by dre
http://www.annksnowboots.com/ UGG
http://www.2013-boots.com/ アグ ブーツ
http://www.woolrichtoit.com/ Outlet Woolrich
http://www.woolrichc.com/ woolrich parka

[url=http://www.bootsforannka.com/]ugg ブーツ[/url]
[url=http://thermoplastictrading.com/canada-goose.html]canada goose[/url]
[url=http://www.mon-clerinjp.com/]モンクレール 2013[/url]