Morgan Lewis

The Proposed IRS Policy Change: Its Impact on Corporate Governance and Corporate Litigation Risk Management Webcast

  • date(s):

    February 17, 2010 12:00 PM
    - February 17, 2010 1:00 PM

related attorney(s):

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Please join us for "The Proposed IRS Policy Change: Its Impact on Corporate Governance and Corporate Litigation Risk Management" webcast.

On January 26, the IRS announced a proposal that may drastically change corporate tax administration by requiring annual disclosure of uncertain tax positions. Please join us for a webcast discussing the proposal and how it would impact not only tax administration, but also corporate governance and corporate litigation risk management.

IRS Announcement 2010-9 states that the IRS will require corporate taxpayers to file schedules with their yearly tax returns disclosing all uncertain tax positions, along with a quantification of maximum amounts relating to each such exposure. The proposed disclosures are detailed and would need to include a description of the issues and Internal Revenue Code sections potentially implicated. While providing an unprecedented roadmap for the IRS, such disclosures will also impact corporate governance and expose corporations to increased risk to securities class actions and other litigation.

Speakers:

Our webcast is tailored to GCs, CFOs, and audit committees of companies with assets in excess of $10 million (a threshold in the proposal). Our panelists will discuss the following:

  • A brief overview of the IRS proposal to disclose uncertain tax positions and maximum amounts.
  • How CFOs can prepare for anticipated tensions between the proposal and FIN 48 requirements. 
  • How audit committees and GCs can address potential changes in corporate governance procedures and risk management.
  • How GCs and their staff can anticipate and reduce litigation risks.

When:
Wednesday, February 17, 2010
12:00 p.m.–1:00 p.m. EST

For more information, please contact Nika Nerette at nnerette@morganlewis.com or 212.309.6048. To register, please use the above registration link.