CCH Tax News Headlines - July 1, 2009

Posted by John H. Fisher on July 1, 2009, 1:29 pm

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CCH Tax News Headlines - July 1, 2009

Federal Headlines: - http://tax.cchgroup.com/news/headlines/2009/nws62909.htm#1
7/1/2009 - Guidance Issued on Private Foundations and Sponsoring
Organizations that Maintain Donor-Advised Funds (Rev. Proc. 2009-32)
7/1/2009 - Guidance Provided for Corporations Electing to Include or
Exclude Extension Property from Election to Claim Increased Research
and AMT Credits in Lieu of Bonus Depreciation (Rev. Proc. 2009-33)
7/1/2009 - LLP, LLC and Tenancy-in Common Interests Not Limited
Partnership Interests Under Passive Loss Rules (Garnett, TC)
7/1/2009 - Commission Rate Adjustments for Related Customer Were
Deductible Expenses; Penalty Not Imposed (Manning, TCM)

State Headlines:
7/1/2009 - All States --Corporate Income Tax: UDITPA Study Committee
Recommends End to Review
7/1/2009 - New Jersey --Multiple Taxes: Governor Signs State
Spending Plan
7/1/2009 - Wisconsin --Corporate, Personal Income Taxes: Numerous
Tax Changes Enacted in Budget Legislation

Missed a headline? Click here for last week's tax highlights. -
http://tax.cchgroup.com/news/taxnews/default.asp?PageID=4

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