Tax Break

Tax and accounting calendar

April 13, 2012

Some important upcoming events in the tax and accounting world:

Monday, April 16 - U.S. taxpayers holding foreign financial assets with an aggregate value exceeding $50,000 after March 18, 2010 must report information about those accounts under FACTA using form 8938, or face stiff penalties.

Tuesday, April  17 -

  • Tax day in the United States. Individual income tax returns and gift tax returns due.
  • Tax-writing U.S. House of Representatives Committee on Ways and Means will hold a hearing on possible reforms to certain tax-favored retirement savings plans including employer-sponsored defined contribution plans and Individual Retirement Accounts (“IRAs”) that might be considered as part of comprehensive tax reform.  10 am, Room 1100 of the Longworth House Office Building.

Tuesday, April 17 – Friday, April 20 – International Accounting Standards Board meeting in London.

Tuesday, April 17 – Thursday, April 19 – The International Financial Reporting Standards (IFRS) Foundation, the World Bank and OHADA (The Organization for the Harmonization of Corporate Law in Africa) will run a workshop in the West African city of Douala, Cameroon, to support adoption of IFRS.

Thursday, April 19 – Friday, April 20 -

  • The New York City Bar and Penn State School of Law institute on corporate tax topics including tax-free and taxable acquisitions, spinoffs, international transactions, tax accounting issues, and consolidated returns.  IRS Associate Chief Counsel (Corporate) William Alexander and Associate Chief Counsel (International) Steven Musher, will be among the instructors.
  • Georgetown Law program includes Treasury and IRS updates, a Capitol Hill update, and other topics with speakers from the IRS, Treasury, the Justice Department, the Senate Finance Committee, and the Joint Committee on Taxation. Washington.

Wednesday, April 18 – Friday, April 20 - Government Accounting Standards Board meeting in Norwalk, Connecticut.

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