Daily Tax Update - August 15, 2008

THE DAILY TAX UPDATE WILL BE PUBLISHED ON A PERIODIC BASIS UNTIL CONGRESS RETURNS FROM ITS AUGUST RECESS ON SEPTEMBER 8TH.

IRS COMMISSIONER NAMES DICK HARVEY AS SENIOR ADVISOR:  This week, IRS Commissioner Doug Shulman named J. Richard (Dick) Harvey Jr. as senior advisor. Harvey will assume his post September 2. According to the IRS, “The senior advisor to the commissioner serves as an expert providing guidance and assistance on matters of policy and tax administration. He also will maintain a close partnership between the commissioner’s office and the business units responsible for key programs in his areas of expertise, such as the Large and Mid-Size Business Division.”

  • Shulman said, “Dick Harvey brings tremendous experience and expertise on accounting and tax issues to the IRS. International and corporate tax issues are at the center of our strategic agenda. We are fortunate to have someone of Dick’s caliber working on behalf of American taxpayers.”

INTERNAL REVENUE SERVICE - CIRCULAR 230 DISCLOSURE:
As provided for in Treasury regulations, advice (if any) relating to federal taxes that is contained in this communication (including attachments) is not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing or recommending to another party any plan or arrangement addressed herein.

STEPTOE & JOHNSON LLP - TAX PRACTICE
Steptoe & Johnson LLP has one of the largest and most diverse law firm tax practices in the country. The practice covers the entire spectrum of federal taxation, including representation of businesses before the Congress, Treasury and the national office of the IRS; transactional planning for domestic and multinational corporations; complex audit and controversy work for corporations and other business interests contesting IRS adjustments; litigation before the Tax Court, Court of Federal Claims, district courts, courts of appeals and the Supreme Court. The firm's tax practice also encompasses all aspects of employee benefits (ERISA), executive compensation, tax-exempt organizations and charitable giving. Steptoe has an extensive state and local tax practice, representing an array of business clients on complex sales and use tax, corporate income tax and property tax matters, both advising those clients and handling audits, administrative appeals, and litigation for them. Read more information on Steptoe's tax practice.