By: Kevin McCoy, USA Today, January 27, 2010
Large American firms could soon be required to disclose on their federal tax returns whether they've claimed tax breaks that could later be disallowed by federal auditors, IRS Commissioner Douglas Shulman announced Tuesday.
Setting in motion what's likely to be a major struggle with corporate interests, Shulman said firms with more than $10 million in assets would have to provide concise descriptions of the federal tax breaks they claim.
Read more here: http://www.usatoday.com/money/perfi/taxes/2010-01-26-irs-corporate-tax-breaks_N.htm
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