Timothy Mulvey, Counsel, White & Case LLP to Speak at KC’s The Impact of the Final UTP Disclosure Requirement on Tax Planning, Reporting, and Compliance Live Webcast
New York, NY, May 26, 2011 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Michael Timothy Mulvey, Counsel, White & Case LLP will speak at the Knowledge Congress’ webcast entitled: “The Impact of the Final UTP Disclosure Requirement on Tax Planning, Reporting, and Compliance LIVE Webcast.” This event is scheduled on June 17, 2011 from 12:00 PM to 2:00 PM ET. (For further details, please visit: http://www.knowledgecongress.org/event_2011_UTP_Disclosure.html)
Event Synopsis
The IRS issued Uncertain Tax Position (UTP) disclosure requirements in an effort to increase certainty, consistency, and efficiency in tax administration. This guidance affects corporate taxpayers, whose assets exceed $100 million, to report UTPs as part of their tax return starting from tax year 2010.
Compliance with the new reporting requirements will be a significant undertaking for many organizations, not to mention the challenges of identifying key tax positions and how they are disclosed. How it affects tax planning and financial reporting are also key issues that needs to be paid attention to.
Affected companies will need to understand the implications of this new standard so as to make the necessary measures to address both compliance and corporate issues. They will, in many cases, need to rethink their disclosure and reporting models.
About Timothy Mulvey
Timothy Mulvey is a Counsel in the Firm's Tax Controversy and Litigation Practice. Tim specializes in representing taxpayers in disputes with federal and state taxing authorities.
With the goal of resolving tax disputes at the earliest possible stage, Tim works with IRS audit teams and Appeals Officers to eliminate, or at least narrow, the issues in dispute. Tim seeks to reduce the audit burdens on the taxpayer and protect all applicable privileges with respect to the taxpayer's information. Tim routinely advises clients on IRS summons authority and enforcement. When administrative resolution through negotiation cannot be achieved, Tim litigates tax disputes on behalf of clients.
Prior to joining White & Case LLP in 2003, Tim served as a senior attorney in the Office of Chief Counsel, Internal Revenue Service, Large and Mid-size Business Division. In such capacity, he presented the IRS in litigation before the United States Tax Court by deposing and examining witnesses, discovery and motion practice, trial, and settlement negotiations. He also advised examination teams during audits of multinational corporations which involved complex tax issues including subpart F income, transfer pricing, insurance charges, debt versus equity, corporate tax shelters, and corporate tax shelter promoter penalties. In 2001, Tim received the Commissioner’s Award, the highest honor the IRS chief can bestow, for his work on prosecuting corporate tax shelter and promoter penalties.
About White & Case LLP
White & Case LLP is a leading global law firm with more than 2,000 lawyers in 37 offices in 25 countries. Among the first US-based law firms to establish a truly global presence, we provide counsel and representation in virtually every area of law that affects cross-border business. Our clients value both the breadth of our global network and the depth of our US, English and local law capabilities in each of our regions and rely on us for their complex cross-border transactions, as well as their representation in arbitration and litigation proceedings.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format.
To contact or register to an event, please visit: www.knowledgecongress.org.
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Event Synopsis
The IRS issued Uncertain Tax Position (UTP) disclosure requirements in an effort to increase certainty, consistency, and efficiency in tax administration. This guidance affects corporate taxpayers, whose assets exceed $100 million, to report UTPs as part of their tax return starting from tax year 2010.
Compliance with the new reporting requirements will be a significant undertaking for many organizations, not to mention the challenges of identifying key tax positions and how they are disclosed. How it affects tax planning and financial reporting are also key issues that needs to be paid attention to.
Affected companies will need to understand the implications of this new standard so as to make the necessary measures to address both compliance and corporate issues. They will, in many cases, need to rethink their disclosure and reporting models.
About Timothy Mulvey
Timothy Mulvey is a Counsel in the Firm's Tax Controversy and Litigation Practice. Tim specializes in representing taxpayers in disputes with federal and state taxing authorities.
With the goal of resolving tax disputes at the earliest possible stage, Tim works with IRS audit teams and Appeals Officers to eliminate, or at least narrow, the issues in dispute. Tim seeks to reduce the audit burdens on the taxpayer and protect all applicable privileges with respect to the taxpayer's information. Tim routinely advises clients on IRS summons authority and enforcement. When administrative resolution through negotiation cannot be achieved, Tim litigates tax disputes on behalf of clients.
Prior to joining White & Case LLP in 2003, Tim served as a senior attorney in the Office of Chief Counsel, Internal Revenue Service, Large and Mid-size Business Division. In such capacity, he presented the IRS in litigation before the United States Tax Court by deposing and examining witnesses, discovery and motion practice, trial, and settlement negotiations. He also advised examination teams during audits of multinational corporations which involved complex tax issues including subpart F income, transfer pricing, insurance charges, debt versus equity, corporate tax shelters, and corporate tax shelter promoter penalties. In 2001, Tim received the Commissioner’s Award, the highest honor the IRS chief can bestow, for his work on prosecuting corporate tax shelter and promoter penalties.
About White & Case LLP
White & Case LLP is a leading global law firm with more than 2,000 lawyers in 37 offices in 25 countries. Among the first US-based law firms to establish a truly global presence, we provide counsel and representation in virtually every area of law that affects cross-border business. Our clients value both the breadth of our global network and the depth of our US, English and local law capabilities in each of our regions and rely on us for their complex cross-border transactions, as well as their representation in arbitration and litigation proceedings.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format.
To contact or 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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