The Knowledge Congress Has Scheduled a Live Teleconference on Understanding IRC Section 199 & IRS Audits

New York, NY, June 08, 2008 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused teleconferences, has announced today that it has scheduled a live teleconference and webinar on Understanding IRC section 199 & IRS Audits. This two-hour event is scheduled on Monday, September 29, 2008 at 1:00 PM to 3:00 PM (EDT – New York).

Many companies have sought deductions under IRC Section 199. Recently, the IRS has been cracking down on these deductions. The impact of section 199 has become a top priority issue for many companies. New guidance and documentation procedures are now essential. The new rule can result in billions of dollars of savings for companies or reap significant penalties on companies not in compliance with the law. The Knowledge Congress has assembled a panel of distinguished professionals and key regulators to provide guidance to organizations that will be primarily affected by this section. The speakers will present their expert opinions in a two-hour teleconference and webinar.

Speakers/Faculty Panel

Sandy Frost, Domestic Production, Section 199, Technical Advisor of Internal Revenue Service (IRS)

Beth M Benko, Partner, Tax Services (National Tax Department), Ernst & Young LLP

Scott Vance, Principal, Income Tax and Accounting Group, KPMG LLP

James Atkinson, Of Counsel, Miller & Chevalier

For updated list of the faculty panel, please visit: http://www.knowledgecongress.org/event_2008_section199.html

About The Knowledge Congress

The Knowledge Congress is an organization that produces teleconferences and webinars that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”

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