While Congress and the Obama Administration were making news negotiating the fate of the expiring Bush tax cuts, corporate taxpayers had to keep an eye on several other key tax issues in 2010. High on the list were the contentious disclosure rules governing uncertain tax positions that were issued by the Internal Revenue Service earlier in the year. Companies complained bitterly that the new disclosures would essentially create “road maps” for IRS auditors. Undeterred, and to the chagrin of many, the service issued the rules as Schedule UTP.

This was also the year in which tax experts debated whether BP should be entitled to a tax break in light of its disastrous oil spill, and in which revenue authorities around the world cranked up the number of audits they performed — in some cases agreeing on “simultaneous” audits with other countries.

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