Tax Break


April 20, 2012
Some important tax and accounting dates in the week ahead:

Tuesday, April 24 - Comment letters due to the Financial Accounting Standards Board on its proposed update on accounting for intangibles

Wednesday, April 25

  • International Financial Reporting Standards (IFRS) Taxonomy Annual Convention in London.
  • The Senate Finance Committee has scheduled a hearing, “Tax Reform: What It Means for State and Local Tax and Fiscal Policy,” to start at 10 am in the Dirksen Senate Office Building.
  • House Ways and Means Oversight Subcommittee will hold a hearing on the impact of limitations on the use of tax-favored accounts to buy over-the-counter medication at 2:30 pm, the Longworth House Office Building.
  • Karin Gross of the IRS will speak on conservation easements at a luncheon sponsored by the D.C. Bar Taxation Section Exempt Organizations Committee.

Thursday, April 26

  • The Senate Finance Committee will hold its second tax hearing of the week, this one entitled, “Tax Filing Season: Improving the Taxpayer Experience,” starting at 10 am in the Dirksen Senate Office Building.
  • At the same time, the House Ways and Means Subcommittee on Select Revenue Measures will hold a hearing on the merits of extending or not extending tax breaks that expired in 2011 or will expire in 2012 in the Longworth House Office Building.

Friday, April 27 - At 10 am an IRS hearing will be held in the IRS Auditorium on proposed guidance to nonresident aliens and foreign corporations regarding financial products derived from dividend payments from sources within the United States.

Sunday, April 29 – Tuesday, May 1 – AICPA conference on tax strategies for the high-income individual will be held at the

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