Communications Taxation '16
Pre-Conference Tutorial II - May 16, 2016
(Previously held at the 2016 conference)
"Taxation Issues for Communications Companies"
Presented by PwC
1:00 –2:45 PM -- Federal Universal Service Fund (FUSF)
Presentation and Panel Discussion
Presented by: Arti Deliaj – Director, PwC
This session will provide an introduction to FUSF and explore updates. We will look at FUSF assessability, compliance and return mechanics, the audit process, recent FCC orders, and significant pitfalls and traps. In addition, we will be covering FUSF issues in M&A due diligence deals and other significant risk areas.
2:45 – 3:00 PM -- Break
3:00 – 4:00 PM -- Top ten audit issues by telecommunications tax departments
Presentation and Panel Discussion
Presented by: David Prebut – Director, PwC and
Dawn Scott – Director, PwC
For the pre-conference, this session will discuss the top 10 audit issues that a telecommunications tax department can face. These issues include outdated billing systems, characterization challenges, corresponding with auditors, managing large assessments, documenting amounts reported on returns, exemption certificates, resource limitations, senior management understanding your role, FAS 5, and statutory/ regulatory/judicial changes. We will offer practical solutions, along with actual examples from our experiences (as well as the audience's experiences), as to how these issues can be addressed. One area of focus for this year will be how we have utilized technology in our approaches and how effective such automation and technology can be when addressing these issues.
4:00 PM -- Q&A