Phillip A. Pillar, Shareholder, Greenberg Traurig, LLP to Speak at KC’s Impact of Final UTP Disclosure Requirement on Tax Planning, Reporting & Compliance Live Webcast
New York, NY, June 07, 2011 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Phillip A. Pillar, Shareholder, Greenberg Traurig, 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 Phillip A. Pillar
Phillip A. Pillar is a Shareholder in the Philadelphia Office of Greenberg Traurig, LLP. Phil's practice concentrates on representing and advising clients in federal, state and international tax issues before tax authorities and courts. Phil negotiates sophisticated tax problems for clients, including voluntary disclosures, methods of accounting and tax minimization strategies. Phil's cases include precedent-setting decisions in the taxation of many different industries, particularly financial services. He advises investment funds, insurance companies, banks and other lenders on strategies and transactions. He also tried several estate tax valuation matters and has been involved in other notable reported cases. He possesses broad experience in federal tax alternative dispute resolution procedures, including mediation and arbitration. For multinational clients, Phil uses his experience of having advised and represented IRS in transfer pricing matters. Phil has also worked with clients' tax treaty positions and anti-deferral regime issues.
Phil has also counseled many companies, from Fortune 1000 to privately held, on managing their tax risk. He is experienced in the fields of reportable transactions compliance and tax transparency, how tax issues in transactions and structures may be scrutinized. Phil also advises clients on state and local tax issues in transactions and compliance and represents clients on such issues before tax authorities. Phil has also handled numerous cases regarding employment taxes, responsible person penalties and collection issues. He specializes in resolving civil tax penalties and practice before the IRS. Recently, Phil has counseled clients and addressed tax professionals on the effects of greater transparency in tax disclosures under FIN 48, new Schedule UTP, and other tax reporting rules changes. Phil teaches in the Villanova Law School’s graduate tax program on these subjects. He is a member of an infrastructure group that advises clients on federal income tax accounting issues concerning public-private partnerships.
Phil has authored many articles and has been published in The Tax Lawyer. He is also a former Chair, Administrative Practice Committee of the American Bar Association, Section of Taxation.
About Greenberg Traurig LLP
Greenberg Traurig, LLP is an international, full-service law firm with approximately 1800 attorneys serving clients from more than 30 offices in the United States, Europe and Asia. In the U.S., the firm has more offices than any other among the Top 10 on The National Law Journal’s 2011 NLJ 250. In the U.K., the firm operates as Greenberg Traurig Maher LLP. Greenberg Traurig has a strategic alliance with the independent law firm, Studio Santa Maria in Milan and Rome. The firm was Chambers and Partners’ USA Law Firm of the Year in 2007 and among the Top 3 in the International Law Firm of the Year at the 2009 The Lawyer Awards. For additional information, please visit www.gtlaw.com.
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 Phillip A. Pillar
Phillip A. Pillar is a Shareholder in the Philadelphia Office of Greenberg Traurig, LLP. Phil's practice concentrates on representing and advising clients in federal, state and international tax issues before tax authorities and courts. Phil negotiates sophisticated tax problems for clients, including voluntary disclosures, methods of accounting and tax minimization strategies. Phil's cases include precedent-setting decisions in the taxation of many different industries, particularly financial services. He advises investment funds, insurance companies, banks and other lenders on strategies and transactions. He also tried several estate tax valuation matters and has been involved in other notable reported cases. He possesses broad experience in federal tax alternative dispute resolution procedures, including mediation and arbitration. For multinational clients, Phil uses his experience of having advised and represented IRS in transfer pricing matters. Phil has also worked with clients' tax treaty positions and anti-deferral regime issues.
Phil has also counseled many companies, from Fortune 1000 to privately held, on managing their tax risk. He is experienced in the fields of reportable transactions compliance and tax transparency, how tax issues in transactions and structures may be scrutinized. Phil also advises clients on state and local tax issues in transactions and compliance and represents clients on such issues before tax authorities. Phil has also handled numerous cases regarding employment taxes, responsible person penalties and collection issues. He specializes in resolving civil tax penalties and practice before the IRS. Recently, Phil has counseled clients and addressed tax professionals on the effects of greater transparency in tax disclosures under FIN 48, new Schedule UTP, and other tax reporting rules changes. Phil teaches in the Villanova Law School’s graduate tax program on these subjects. He is a member of an infrastructure group that advises clients on federal income tax accounting issues concerning public-private partnerships.
Phil has authored many articles and has been published in The Tax Lawyer. He is also a former Chair, Administrative Practice Committee of the American Bar Association, Section of Taxation.
About Greenberg Traurig LLP
Greenberg Traurig, LLP is an international, full-service law firm with approximately 1800 attorneys serving clients from more than 30 offices in the United States, Europe and Asia. In the U.S., the firm has more offices than any other among the Top 10 on The National Law Journal’s 2011 NLJ 250. In the U.K., the firm operates as Greenberg Traurig Maher LLP. Greenberg Traurig has a strategic alliance with the independent law firm, Studio Santa Maria in Milan and Rome. The firm was Chambers and Partners’ USA Law Firm of the Year in 2007 and among the Top 3 in the International Law Firm of the Year at the 2009 The Lawyer Awards. For additional information, please visit www.gtlaw.com.
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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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
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