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Paravano, Erney & Lehrer Address Tax Executives Institute

News / March 5, 2009

Jeffrey Paravano, Partner and Firmwide Chair of Baker Hostetler's Tax Group, Washington, D.C., associate John Lehrer and Cleveland partner Jeffry Erney addressed the Cleveland Chapter of the Tax Executives Institute on March 5, 2009.

During the presentation, "The Direction of Federal Tax Policy and Enforcement," Paravano discussed President Obama's Tax Plan and the American Recovery and Reinvestment Act of 2009, Erney addressed penalties and opinion letters, as well as the recent decision in Textron and its impact on the future of tax accrual workpapers, and Lehrer discussed section 108(i) of the Internal Revenue Code dealing with the new discharge of indebtedness income deferral election.

For more details on section 108(i), see the alert which was issued by Baker Hostetler's Tax Group.