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In this Edition |
| New Government Submissions |
| Section News |
| News from the IRS |
| Tech Update |
| Join a Committee |
| May Meeting Follow-up |
| CLE On the Road Events |
| Upcoming JCEB Events |
On the Record |
It is my personal opinion that taxpayer consent to use or disclosure of tax preparation information should be limited to only those instances where it is necessary for tax-related purposes. I believe the regulations should define what purposes are “tax-related.” -Nina Olson, speaking at the Tax Section May Meeting, 2006 |
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| Order audio recordings |
| Do you have feeback about the meeting? Let us know by filling out our May Meeting evaluation form. (pdf will open in a separate window) |
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Tax CLE on the Road is designed to reach out to members and partner with state and local bars to provide CLE opportunities in cities that have not traditionally hosted the Section's larger meetings. |
| Find out more about our Real Estate Tax Program, June 22nd, Georgia Bar Center, Atlanta, GA. Early Bird Registration ends June 6th. |
| Mark your calendar for a Drafting Partnership Agreements program, September 7, Colorado Bar, Denver, CO. |
TAX HIGHLIGHT
NATIONAL TAXPAYER ADVOCATE NINA OLSON DELIVERS MAY MEETING KEYNOTE ADDRESS
WASHINGTON – In remarks to the Tax Section’s May Meeting plenary breakfast attendees, national taxpayer advocate Nina Olson addressed issues regarding the disclosure of taxpayer’s tax return information. Her remarks noted recent IRS proposals that would change the regulations regarding how tax preparers may seek consent to use or disclose that information. The stir around the new proposals has led to debate in the practitioner community about whether the proposed changes would go far enough to protect taxpayer privacy.
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A transcript of Nina Olson’s remarks is here.
| The Sereboff Case: Supreme Court Upholds Reimbursement Rights of ERISA Health Plans June 13th, 2006 Format: Teleconference |
| Tax CLE On the Road - Atlanta: Tax Aspects of Real Estate Transactions June 22, 2006 Georgia Bar Conference Center Atlanta, GA Format: Live/In-Person |
| Fiduciary Income Tax June 28, 2006 Format: Teleconference |
| S-Corporations July 26, 2006 Format: Teleconference |
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Friday, August 4, 7:30am – 9:00am Saturday, August 5, 7:30am – 9:00am All Programs will take place at the Hawaii Convention Center |
| Financial Transactions August 30, 2006 Format: Teleconference |
| Tax CLE on the Road - Denver September 7, 2006 Colorado Bar Association Denver, CO Format: Live/In-Person |
| Investment Companies September 27, 2006 Format: Teleconference |
| Consolidated Tax Return Regulations October 5-6, 2006 Grand Hyatt - Washington, DC Format: Live/In-Person |
| Section of Taxation 2006 Joint Fall CLE Meeting October 19, 2006-October 21, 2006 Hyatt Regency - Denver Denver, CO Format: Live/In-Person |
| 17th Annual Philadelphia Tax Conference November 1-2, 2006 Crowne Plaza Hotel - Philadelphia, PA Format: Live/In-Person |
View our complete calendar |
| The Sereboff Case: Supreme Court Upholds Reimbursement Rights of ERISA Health Plans June 13th, 2006 Format: Teleconference |
| ABA Annual Meeting Program: Plan Design, Litigation and Turmoil in the Employee Benefits System: Which Came First the Chicken or the Egg? Sunday, August 6 - 2:00pm to 5:00pm Location: Regency Ballroom Makai, 2nd Floor, Convention Center Hyatt Regency Waikiki |
View our complete calendar |
NEW GOVERNMENT SUBMISSIONS
The Tax Section routinely sends technical comments to federal agencies and legislators considering changes in tax regulations and policy. Recent submissions of technical comments include:
- Comments to IRS on proposed arbitrage provisions of Internal Revenue Code Section 148, relating to advance refunding escrows funded with proceeds of hedged bonds.
- Comments to IRS
| UPCOMING ABA ANNUAL MEETING The Tax Section is sponsoring the following three programs at the Annual Meeting in Hawaii: |
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The Usage of TICs, DSTs and Other Types of Fractional Ownership of Real Estate in 1031 Exchanges
Friday, August 4, 7:30am – 9:00am
Sponsoring Committee: Partnerships and LLCs
Friday, August 4, 11:30am – 1:00pm
Sponsoring Committee: Estate & Gift Tax
Employee Benefits Issues in Mergers and Acquisitions: Hazards and Pitfalls for the Unwary
Saturday, August 5, 7:30am – 9:00am
Sponsoring Committee: Employee Benefits
Please note that the deadline for advance registration is June 29, 2006. For more information, visit the Annual Meeting homepage.
The Tax Section’s Task Force on International Tax Reform has completed its white paper, providing objective criteria by which to evaluate tax reform proposals and identify and analyze possible modifications to U.S. international tax rules. The complete Report will appear in the Spring 2006 issue of The Tax Lawyer, and will be posted on the Tax Section web site.
Check out the unedited final draft of the Report’s Table of Contents and First Chapter, which provide an overview of the Report in pdf format here.
NEW PUBLICATION NOW AVAILABLE
Sales and Use Tax Deskbook 2005-2006 Edition
Year after year, the ABA Sales and Use Tax Deskbook provides tax managers, attorneys, and accountants--in one, reliable source--all of the information you are most likely to need about sales and use taxes. Organized by state, each chapter is authored and updated by some of the most experienced state and local tax practitioners for that state. The chapters are organized in a uniform format to aid the reader in finding guidance on a particular sales/use tax issue easily and to facilitate multistate research. |
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For more information, or to place your order, please visit the ABA Webstore.
IRS TO HOST SIX TAX FORUMS THIS YEAR
The IRS is planning a series of tax forums across the nation this summer for the benefit of tax professionals. Find out more.
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