Ernst & Young’s Alison Jones to Speak at KC’s Event on Recent Published Guidance on §168(k)(4) - Credit Acceleration in Lieu of Bonus Depreciation
New York, NY, July 14, 2009 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts announced today that Alison Jones, Senior Manager, Ernst & Young 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. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org/event_2009_Revenue.html)
Event Synopsis
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 Alison Jones
Alison, who joined Ernst & Young’s National Tax office in 2000, specializes in federal tax accounting matters, including the accrual of income and deductions, capitalization, depreciation issues, general accounting method change requests, as well as representing taxpayers in controversies pending before the Internal Revenue Service. Over the past several years, Alison’s practice has focused on timing and recognition of income issues, including income exclusion and deferral provisions of the Internal Revenue Code as well as judicially established doctrines. As a National Tax resource, she has worked with a variety of public and private clients in the manufacturing, distribution, retail, financial services, healthcare, oil and gas, utilities, and telecommunications industries. In addition, Alison works closely with the firm’s IRS Practice and Procedure group to resolve tax controversy matters and stay abreast of current IRS audit and appeals issues.
Alison received her B.A. in Economics, as well as her J.D. from the University of Texas. She is an attorney, licensed in the state of Texas and is a member of the American Bar Association Tax Section. Alison is also an adjunct professor in the L.L.M. program at Georgetown University.
About Ernst & Young LLP
Ernst & Young, LLP is one of the world's leading professional service providers -- offering assurance, advisory and tax services. Their professionals bring deep knowledge and experience in all areas of audit, advisory and taxation, and engage with clients through a global service delivery model that allows them to manage relationships and deliver quality and value consistently around the world.
For more information about Alison Jones and Ernst & Young, LLP please visit: www.ey.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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Event Synopsis
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 Alison Jones
Alison, who joined Ernst & Young’s National Tax office in 2000, specializes in federal tax accounting matters, including the accrual of income and deductions, capitalization, depreciation issues, general accounting method change requests, as well as representing taxpayers in controversies pending before the Internal Revenue Service. Over the past several years, Alison’s practice has focused on timing and recognition of income issues, including income exclusion and deferral provisions of the Internal Revenue Code as well as judicially established doctrines. As a National Tax resource, she has worked with a variety of public and private clients in the manufacturing, distribution, retail, financial services, healthcare, oil and gas, utilities, and telecommunications industries. In addition, Alison works closely with the firm’s IRS Practice and Procedure group to resolve tax controversy matters and stay abreast of current IRS audit and appeals issues.
Alison received her B.A. in Economics, as well as her J.D. from the University of Texas. She is an attorney, licensed in the state of Texas and is a member of the American Bar Association Tax Section. Alison is also an adjunct professor in the L.L.M. program at Georgetown University.
About Ernst & Young LLP
Ernst & Young, LLP is one of the world's leading professional service providers -- offering assurance, advisory and tax services. Their professionals bring deep knowledge and experience in all areas of audit, advisory and taxation, and engage with clients through a global service delivery model that allows them to manage relationships and deliver quality and value consistently around the world.
For more information about Alison Jones and Ernst & Young, LLP please visit: www.ey.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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