Author Archives: cdwp

As the economy continues to improve, many companies have implemented or are considering implementing a compensatory stock option plan for executives and other key employees. Such a plan may consist of incentive stock options (ISOs) or nonqualified stock options (NSOs). … Continue reading →

On May 7, Congress returned from a one-week recess to face a variety of bills carrying tax changes. Highway bill. The first formal conference meeting on the Highway bill is scheduled to take place on May 8. The vehicle for … Continue reading →

There are unique provisions in India’s Finance Bill for 2012, and speculation exists on whether the stern positions that India is taking in the Bill, as well as its formal declaration that it will not follow the OECD transfer pricing … Continue reading →

An IRS official advised that review of the first round of Schedules UTP (Statement of Uncertain Tax Position) indicates that, for the most part, taxpayers have done a sound job of reporting. Where the descriptions were not well stated, the … Continue reading →

On April 26, the House Ways & Means Select Revenue Measures Subcommittee will hold a hearing on tax extenders. Ahead of the hearing, the Joint Committee on Taxation released a report titled “Legislative Background of Selected Federal Tax Provisions Scheduled … Continue reading →

On April 24, the Senate sent the surface transportation bill to a joint Senate-House conference committee. H.R.4348, the Surface Transportation Extension Act of 2012, Part II, as amended with the text of S.1813, the “Moving Ahead for Progress in the … Continue reading →

On April 18, the House of Representatives passed H.R.9, the “Small Business Tax Act” by a vote of 235 to 173, sending the bill to the Senate for consideration. H.R. 9, which was introduced by House Majority Leader Eric Cantor … Continue reading →

On April 18, the House by a vote of 293 to 127 approved H.R. 4348, the Surface Transportation Extension Act of 2012, Part II. Among other things, the bill would provide for a second short-term extension (see ¶ 2056) of … Continue reading →

A new Congressional Research Service (CRS) report examines the tax provisions currently set to expire at the end of the year and the budgetary costs and policy considerations associated with extending them. These include the so-called Bush tax cuts, the … Continue reading →