New York, NY, July 06, 2008 --(PR.com
)-- The Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that Scott Vance, Principal, Income Tax and Accounting Group of KPMG LLP will speak at the Knowledge Congress’ upcoming teleconference entitled: “Understanding IRC Section 199 & IRS Audits”. This 2-hour event is scheduled for September 29, 2008, Monday, from 1:00 PM - 3:00 PM EDT. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org/event_2008_section199.html)
Many companies have sought deductions under IRC Section 199. Recently, the IRS has been cracking down on these deductions. The impact of section 199 has become a top priority issue for many companies. New guidance and documentation procedures are now essential. The new rule can result in billions of dollars of savings for companies or reap significant penalties on companies not in compliance with the law.
The Knowledge Congress has assembled a panel of distinguished professionals and key regulators to provide guidance to organizations that will be primarily affected by this section. The speakers will present their expert opinions in a two-hour teleconference and webinar.
About Scott Vance
Scott Vance is a Principal in the Income Tax and Accounting Group of KPMG LLP's Washington National Tax Practice in Washington, D.C. He has 15 years experience dealing with a variety of federal tax issues, including section 199, income and expense recognition, inventory valuation, and capitalization and cost recovery.
About KPMG LLP
KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 148 countries and has more than 113,000 professionals working in member firms around the world.
Its purpose is to turn knowledge into value for the benefit of its clients, people, and the capital markets. KPMG's member firms aim to provide clients with a globally consistent set of multidisciplinary financial and accounting services, based on deep industry knowledge.
KPMG plays an important role in the capital markets, and are highly active in supporting positive reform within its industry to strengthen credibility and confidence. They believe corporate social responsibility is at the heart of all great organizations, and are committed to making a real difference to the communities in which it operates.
For more information about Scott Vance and KPMG LLP, please visit: http://www.kpmg.com.
About The Knowledge Congress
The Knowledge Congress is an organization that produces teleconferences that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations.” To contact or to register to an event, please visit: www.knowledgecongress.org.