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Tax Executives Institute, Inc.Regions V & VI IRS Liaison Meeting

Houston, Texas

May 14, 2012Paul Curtis

Field Specialists Director, Field Operations West

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Objectives

• Organizational Structure & Roles

• Research and Experimental Credit (R&E)

• Capitalization to Repair (C2R)

• Employment Tax – Voluntary Compliance Settlement Program (VCSP)

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Organizational Structure & Roles

Paul Curtis,

DFO, Field Specialists West

Stephen Whiteaker

DFO, Field Specialists East

David Horton

Director, Field Specialists

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Organizational Structure & Roles

Paul Curtis

DFO, Field Specialists West

Employment Tax Engineering

All Field Specialist

Employees in the Western U.S.

and all Employment Tax

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Research and Experimental Credit

The 3 R’s

• Risk Analysis

• Resources

• Real Life Realities

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Capitalization to Repair (C2R)

• Temporary Regulations issued December 23, 2011

• Current Direction

• Resources

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Capitalization to Repair (C2R)

• Examination of Tax Years Beginning before January 1, 2012

• Examination for Tax Years Beginning on or after January 1, 2012 but before January 1, 2014

• Examination for Tax Years Beginning on or after January 1, 2014

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Employment Tax

• Voluntary Classification Settlement Program (VCSP) – Provides partial relief from federal

employment taxes for eligible taxpayers that agree to prospectively treat workers as employees

• Eligibility

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Employment Tax

• Announcement 2011-64

• Form 8952, Application for Voluntary Classification Settlement Program (VCSP)

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Questions & Answers