IRS Extends Comment Deadline On Uncertain Tax Positions Proposal

FEI's Washington DC Government Affairs office reports that the Internal Revenue Service is giving interested parties more time to submit comments on its recent proposal to require companies to disclose information about their uncertain tax positions.

FEI submitted a request for the extension directly to IRS Commissioner Douglas Shulman, IRS Chief Counsel William Wilkins, and IRS LMSB Commissioner Heather Maloy. FEI's Committee on Taxation (COT) is reviewing Ann. 2010-09 on Uncertain Tax Positions as it considers filing a comment letter.

The comment deadline on Ann. 2010-09 has been extended to June 1, 2010. See:

• IRS Ann. 2010-17, Extension of Time to Submit Comments on Announcement 2010-9 Regarding Reporting Uncertain Tax Positions, Draft Schedule, and Implementation Date, and
  
• IRS Ann. 2010-09, Uncertain Tax Positions - Policy of Restraint

See also related article in WebCPA.

If you have questions regarding FEI's Committee on Taxation, please contact Matt Miller, Senior Director, Government Affairs, in FEI's Washington, DC office, mmiller@financialexecutives.org.