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Posted by John H. Fisher on May 20, 2008, 11:33 am
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CCH TAX NEWS for May 20, 2008
FEDERAL NEWS
Applicable Federal Rates for June 2008 Released (Rev. Rul.
2008-28)http://tax.cchgroup.com/news/headlines/2008/nws52008.htm#1
Final Regulations Adopted for Determining Expanded Affiliated Group
Ownership Percentages (T.D. 9399)http://tax.cchgroup.com/news/
headlines/2008/nws52008.htm#2
Remanufacturer of Car Alternators and Generators Must Include
Refundable Charges for Cores in Income, Substantial Understatement
Penalty Not Imposed (Bigler, TCM)http://tax.cchgroup.com/news/
headlines/2008/nws52008.htm#3
STATE NEWS
Kentucky --Corporate, Personal Income Taxes: U.S. Supreme Court
Upholds Exemption for In-State Municipal Bonds
http://tax.cchgroup.com/news/headlines/2008/nws52008.htm#4
Texas --Insurance Tax: Calculation of Retaliatory Tax Upheld
http://tax.cchgroup.com/news/headlines/2008/nws52008.htm#5
Missed a headline? Click here to review last week's tax news
http://tax.cchgroup.com/news/default.asp?PageID=4
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