Tax Break

Tax and accounting calendar

March 19, 2012
Some important events in the week ahead: 
Monday, March 19 – Wednesday, March 21 
The Institute of Internal Auditors will hold its general audit management conference. in Orlando, Florida. 
Monday, March 19 – Friday, March 23
International Accounting Standards Board meeting in London.

Tuesday, March 20  

·         The Senate Finance Committee hearing, “Tax Fraud by Identity Theft, Part 2: Status, Progress, and Potential Solutions” will start at  10 a.m. in Room 215 of the Dirksen Senate Office Building. Testifying will be Steven T. Miller, IRS deputy commissioner for services and enforcement, Ronald A. Cimino, Justice Department deputy assistant attorney general for criminal matters, and National Taxpayer Advocate Nina Olson.

 ·         The House Financial Services Committee has scheduled a hearing on the state of the international financial system that will also begin at  10 a.m. but in Room 2128 of the Rayburn House Office Building. Treasury Secretary Timothy F. Geithner will testify.

 ·         The American Enterprise Institute will sponsor a program with an address by House Budget Committee Chair Paul Ryan on the nation’s fiscal and economic challenges, starting at 11:30 a.m.

Wednesday, March 21 

The House Appropriations Financial Services and General Government Subcommittee will hold a hearing on President Obama’s proposed 2013 budget for the IRS  at 10 a.m. in Room 2359, Rayburn House Office Building. IRS Commissioner Douglas Shulman will testify.

 Wednesday, March 21- Thursday, March 22

The Public Company Accounting Oversight Board will host a public meeting to obtain further input on ways to enhance auditor independence, objectivity, and professional skepticism, including through mandatory rotation, or term limits, for audit firms. Scheduled panelists are a who’s who of the accounting world, from the heads of each of the Big Four audit firms to three former SEC chiefs, to former Fed Chairman Paul Volcker and founder of The Vanguard Group John Bogle. Top finance executives and audit board chairs from many of the largest U.S. public companies will speak as well.  

Friday, March 23 

Tax Analysts will sponsor a three-hour program, “The IRS: What It Does and What It Needs.” Speakers will include former IRS,  Treasury and Joint Committee on Taxation staff and officials, as well as National Taxpayer Advocate Olson and  Treasury tax legislative counsel Lisa Zarlenga.

Saturday, March 24 – Tuesday March 27  

Tax Executives Institute will hold its mid-year conference in Washington. Topics include transfer pricing, tax controversies, global tax planning, and others. Scheduled speakers include  tax counsel for both the House Committee on Ways & Means and the Senate Committee on Finance will be there as well as Treasury Department and United Nations tax experts, attorneys from the IRS, as well as corporate tax executives and advisers. 

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