IRS Loosens Corporate Tax Disclosure Requirements

Law360, New York (September 27, 2010, 4:34 PM EDT) -- The U.S. Internal Revenue Service has said it plans to loosen up requirements for companies that will have to disclose information about their reported tax savings under a new rule.

IRS Commissioner Doug Shulman told an American Bar Association gathering in Toronto on Friday that businesses would not be required to report the maximum amount of money they might lose if the IRS doesn’t approve a transaction and in some cases pushed back the deadline on reporting of tax audit information.

The speech concerned changes the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.