The Knowledge Group
The Knowledge Group

Beth M. Benko, Partner, Tax Services (National Tax Department), Ernst & Young LLP to Speak at KC’s Event on Understanding IRC Section 199 & IRS Audits on 09/29/08

New York, NY, July 06, 2008 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that Beth M. Benko, Partner, Tax Services (National Tax Department), Ernst & Young LLP will speak at the Knowledge Congress’ upcoming teleconference entitled: “Understanding IRC Section 199 & IRS Audits”. This 2-hour event is scheduled for September 29, 2008, Monday, from 1:00 PM - 3:00 PM EDT. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org/event_2008_section199.html)

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.

About Beth M. Benko

Beth M. Benko is a member of the Accounting Methods and Inventory group of Ernst & Young LLP's National Tax Department. She focuses on representing taxpayers in controversies pending before the Internal Revenue Service and assisting them with federal tax planning, including changes to their methods of accounting.

Beth has over a decade of tax experience with an emphasis on tax accounting issues, including the accrual of income and deductions, capitalization, inventory accounting, and Section 199. Beth is a frequent speaker on tax accounting topics, including Section 199, and is a co-author of the BNA Tax Management Portfolio titled Section 199: Deduction Relating to Income Attributable to Domestic Production Activities.

Beth has a B.S. in Business Administration from Bowling Green State University and a J.D. from the College of William and Mary. She is a Certified Public Accountant in Ohio and the District of Columbia. Beth is currently a member of the American Bar Association Tax Section's Tax Accounting Committee. She is also an adjunct professor in the LL.M. program at Georgetown University.

About Ernst & Young LLP

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, their 130,000 people are united by their shared values, and an unwavering commitment to quality.

For more information about Beth M. Benko and Ernst & Young LLP, please visit: http://www.ey.com.

About The Knowledge Congress

The Knowledge Congress is an organization that produces teleconferences 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.” To contact or to register to an event, please visit: www.knowledgecongress.org.

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