Liaison Meetings

Canada Revenue Agency and Department of Finance Respond to TEI’s Questions from December 2017 Liaison Meetings

On December 5–6, 2017, a delegation of Canadian Income Tax Committee members assembled in Ottawa, Ontario, for TEI’s annual liaison meetings with representatives of the Canada Revenue Agency and Department of Finance.

TEI Holds 2017 Liaison Meetings with Canada Revenue Agency and Department of Finance

On December 5–6, 2017, a delegation of Canadian Income Tax Committee and Canadian Commodity Tax Committee members assembled in Ottawa, Ontario, for TEI’s annual liaison meetings with representatives of the Canada Revenue Agency and Department of Finance.

TEI Advocates the Need to Update State Statutes Governing the Reporting Federal Income Adjustments at the SEATA and MSATA Meetings

On July 10, 2017 and August 22, 2017, TEI Tax Counsel Pilar Mata, along with Fred Nicely of the Council on State Taxation, presented at the Southeastern Association of Tax Administrators and Midwestern States Association of Tax Administrators meetings. The panel discussed the need for states to update state statutes governing the reporting of federal income adjustments.

MTC Adopts Recommendation to Expand the Partnership Workgroup’s Mandate and Use the Interested Parties’ Draft as a Starting Point for a MTC Model Statute Update

On August 1, 2017, the MTC’s Uniformity Committee voted to expand the MTC’s Partnership Workgroup’s mandate to address the reporting of all federal audit adjustments and to use the Interested Parties’ draft model statute as a starting point to update the MTC’s model statute.

TEI Advocates Need to Update State Statutes Governing the Reporting Federal Income Adjustments at the National Conference of State Legislatures Meeting (June 15, 2017)

On June 15, 2017, TEI Tax Counsel Pilar Mata, along with Fred Nicely and Nikki Dobay of the Council on State Taxation, April Nevarez on behalf of the Institute for Professionals in Taxation, Jaye Calhoun on behalf of the ABA’s State and Local Tax Committee, and Tom Shimkin of the Multistate Tax Commission, presented at the National Conference of State Legislatures Taskforce on State and Local Taxation. The panel discussed the need for state legislators to update state statutes governing the reporting of federal income adjustments.

Regions VI & VII Hold Annual Liaison Meeting with IRS Executives

Members from Regions VI & VII convene in Houston, Texas, for a wide-ranging and candid dialog with senior IRS officials.

TEI Members Hold Inaugural Liaison Meeting with the FASB

On March 30, 2017, members of TEI’s Financial Reporting Committee met with a delegation of FASB board members and staff to discuss proposed changes to income tax disclosure requirements.

TEI Members Participate in 2017 IRS and US Treasury Liaison Meetings

On February 22-23, 2017, a delegation from Tax Executives Institute met with the Commissioner of Internal Revenue, John Koskinen, and senior officials of the Internal Revenue Service and with the Treasury Department’s Tax Legislative Counsel, Tom West, and senior officials of Treasury’s Office of Tax Policy. The detailed agendas TEI submitted to the IRS and Treasury Department before the meetings are provided below.

TEI Advocates Need to Update State Statutes Governing the Reporting Federal Income Adjustments at the National Conference of State Legislatures Meeting

On January 14, 2017, TEI Tax Counsel Pilar Mata, along with Fred Nicely and Nikki Dobay of the Council on State Taxation (COST) and Tom Shimkin of the Multistate Tax Commission (MTC), presented at the National Conference of State Legislatures (NCSL) Taskforce on State and Local Taxation. The panel discussed the need for state legislators to update state statutes governing the reporting of federal income adjustments, noting the problems with current state statutes and the lack of uniformity among states.

TEI Participates in IRS Country-by-Country Association Roundtable

On January 12, 2017, TEI Executive Director Eli Dicker and Tax Counsel Benjamin Shreck participated in a roundtable discussion of the IRS’s administration of country-by-country (CbC) reporting. The discussion focused on the CbC forms, instructions and guidance, external communication and outreach, compliance and enforcement issues, as well as international exchange and use of CbC information.