KPMG’s Katherine Breaks to Speak at KC’s Event on Recent Published Guidance on §168(k)(4) - Credit Acceleration in Lieu of Bonus Depreciation
The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts announced today that Katherine Breaks, Director, Washington National Tax Practice, KPMG LLP will speak at The Knowledge Congress’ upcoming webcast entitled: “Recent Published Guidance on §168(k)(4) - Credit Acceleration in Lieu of Bonus Depreciation.” This 2-hour event is scheduled on July 23, 2009, Thursday, at 3:00 PM - 5:00 PM EDT.
New York, NY, May 20, 2009 --(PR.com)-- The Economic Stimulus Act of 2008 rekindled the somewhat complex concept of “bonus depreciation” (50% 1st year) for select new “qualified” properties which were put into service before 09. The key issued addressed in this revenue procedure are: what is eligible as qualified property? & what are the computational aspects?
Follow up Revenue Procedure 2009-16 Aims to address certain issues not covered in 2008-65. Some of the key issues it addresses are: how you make the election? And how do you determine which rules apply as there are different rules for different governing elections in different fiscal calendar years. Another key issue is control groups making the election and how they make go about computing and allocating the election. And finally what about reporting to partnerships & effect of election on S corporations?
The Knowledge Group has assembled a panel of key thought leaders and experts to help you make more thoroughly understand 2008-65 and 2009-16.
They will address the following key issues:
- The property eligible for this election.
- The time and manner in which to make the election.
- When not to claim the deduction.
- The effect on partnerships making this election.
- Up to the minute regulatory updates.
About Katherine Breaks
Ms. Breaks is a Director in the KPMG’s Washington National Tax practice. She joined KPMG in 1998.
Katherine works in the Legislative and Regulatory Services (LRS) practice within Washington National Tax. As a member of the LRS practice, she provides advice to clients on federal tax policy developments and represents taxpayers before the National Office of the Internal Revenue Service, the U.S. Treasury Department, and the U.S. Congress. She speaks and writes frequently on federal tax legislative and regulatory matters.
Publications
Katherine has written a number of articles on tax legislation and regulations.
• Katherine provided commentary in CCH’s Law, Explanation and Analysis on the American Recovery and Reinvestment Act of 2009
• Katherine authored Comparison of House, Senate Energy Tax Legislation, which was published August 14, 2007 in the Daily Tax Report.
• Katherine provided commentary in CCH’s Law, Explanation and Analysis on the Energy Tax Incentives Act of 2005.
• Katherine co-authored Practice Considerations in Implementing the Section 199 Regulations, which appeared in the August 2006 edition of the Journal of Taxation.
• Katherine co-authored Do the Section 199 Proposed Regulations Clarify or Complicate the Domestic Production Deduction?, which appeared in the January 2006 edition of the Journal of Taxation
• Katherine co-authored The Domestic Manufacturing Deduction: Treasury and IRS Fill in the Gaps, which appeared in the April 2005 edition of the Journal of Taxation
• She also co-authored, The Tax Man Giveth!, discussing the 2004 tax act, which appeared in the January 2005 edition of Hart Energy Markets.
Recent Speeches
Katherine speaks frequently on legislative and regulatory matters. Recent speeches have included:
· Legislative Update, TEI – Carolinas Chapter, May 4, 2009
· The Economic Stimulus Package Unwrapped, Legislative update, Massachusetts Continuing Legal Education, April 7, 2009
· Legislative Update, TEI – Richmond chapter, December 9, 2008
· Legislative Update, KPMG Year-end Tax Planning Seminar, December 4, 2008
· Legislative Update, Florida Institute of CPAs, Annual Meeting, November 12, 2008
· Legislative Update, New Jersey Technology Counsel, Executive Leadership Series, November 6, 2008
· Legislative Update, TEI – Nebraska chapter, October 21, 2008
· Structuring Issues Associated with the Solar Investment Tax Credit, ABA Tax Section, September 12, 2008
Memberships
Katherine is a member of the Government Relations Committee of the Tax Section of the American Bar Association. She is also the vice chair for the Capital Recovery and Leasing Committee of the ABA Tax Section.
Education
Katherine received her undergraduate degree in 1991 from Yale University, where she majored in history. She received her legal education at New York University School of Law (Class of 1995) where she was a member of the Order of the Coif.
About KPMG LLP
KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 148 countries and has more than 113,000 professionals working in member firms around the world.
Its purpose is to turn knowledge into value for the benefit of its clients, people, and the capital markets. KPMG's member firms aim to provide clients with a globally consistent set of multidisciplinary financial and accounting services, based on deep industry knowledge.
KPMG plays an important role in the capital markets, and are highly active in supporting positive reform within its industry to strengthen credibility and confidence. They believe corporate social responsibility is at the heart of all great organizations, and are committed to making a real difference to the communities in which it operates.
For more information about Katherine Breaks, and KPMG, please visit: www.kpmg.com
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”
To contact or to register to an event, please visit: www.knowledgecongress.org.
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Follow up Revenue Procedure 2009-16 Aims to address certain issues not covered in 2008-65. Some of the key issues it addresses are: how you make the election? And how do you determine which rules apply as there are different rules for different governing elections in different fiscal calendar years. Another key issue is control groups making the election and how they make go about computing and allocating the election. And finally what about reporting to partnerships & effect of election on S corporations?
The Knowledge Group has assembled a panel of key thought leaders and experts to help you make more thoroughly understand 2008-65 and 2009-16.
They will address the following key issues:
- The property eligible for this election.
- The time and manner in which to make the election.
- When not to claim the deduction.
- The effect on partnerships making this election.
- Up to the minute regulatory updates.
About Katherine Breaks
Ms. Breaks is a Director in the KPMG’s Washington National Tax practice. She joined KPMG in 1998.
Katherine works in the Legislative and Regulatory Services (LRS) practice within Washington National Tax. As a member of the LRS practice, she provides advice to clients on federal tax policy developments and represents taxpayers before the National Office of the Internal Revenue Service, the U.S. Treasury Department, and the U.S. Congress. She speaks and writes frequently on federal tax legislative and regulatory matters.
Publications
Katherine has written a number of articles on tax legislation and regulations.
• Katherine provided commentary in CCH’s Law, Explanation and Analysis on the American Recovery and Reinvestment Act of 2009
• Katherine authored Comparison of House, Senate Energy Tax Legislation, which was published August 14, 2007 in the Daily Tax Report.
• Katherine provided commentary in CCH’s Law, Explanation and Analysis on the Energy Tax Incentives Act of 2005.
• Katherine co-authored Practice Considerations in Implementing the Section 199 Regulations, which appeared in the August 2006 edition of the Journal of Taxation.
• Katherine co-authored Do the Section 199 Proposed Regulations Clarify or Complicate the Domestic Production Deduction?, which appeared in the January 2006 edition of the Journal of Taxation
• Katherine co-authored The Domestic Manufacturing Deduction: Treasury and IRS Fill in the Gaps, which appeared in the April 2005 edition of the Journal of Taxation
• She also co-authored, The Tax Man Giveth!, discussing the 2004 tax act, which appeared in the January 2005 edition of Hart Energy Markets.
Recent Speeches
Katherine speaks frequently on legislative and regulatory matters. Recent speeches have included:
· Legislative Update, TEI – Carolinas Chapter, May 4, 2009
· The Economic Stimulus Package Unwrapped, Legislative update, Massachusetts Continuing Legal Education, April 7, 2009
· Legislative Update, TEI – Richmond chapter, December 9, 2008
· Legislative Update, KPMG Year-end Tax Planning Seminar, December 4, 2008
· Legislative Update, Florida Institute of CPAs, Annual Meeting, November 12, 2008
· Legislative Update, New Jersey Technology Counsel, Executive Leadership Series, November 6, 2008
· Legislative Update, TEI – Nebraska chapter, October 21, 2008
· Structuring Issues Associated with the Solar Investment Tax Credit, ABA Tax Section, September 12, 2008
Memberships
Katherine is a member of the Government Relations Committee of the Tax Section of the American Bar Association. She is also the vice chair for the Capital Recovery and Leasing Committee of the ABA Tax Section.
Education
Katherine received her undergraduate degree in 1991 from Yale University, where she majored in history. She received her legal education at New York University School of Law (Class of 1995) where she was a member of the Order of the Coif.
About KPMG LLP
KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 148 countries and has more than 113,000 professionals working in member firms around the world.
Its purpose is to turn knowledge into value for the benefit of its clients, people, and the capital markets. KPMG's member firms aim to provide clients with a globally consistent set of multidisciplinary financial and accounting services, based on deep industry knowledge.
KPMG plays an important role in the capital markets, and are highly active in supporting positive reform within its industry to strengthen credibility and confidence. They believe corporate social responsibility is at the heart of all great organizations, and are committed to making a real difference to the communities in which it operates.
For more information about Katherine Breaks, and KPMG, please visit: www.kpmg.com
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”
To contact or to register to an event, please visit: www.knowledgecongress.org.
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Contact
The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Contact
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