CCH TAX NEWS for April 18, 2006

CCH TAX NEWS for April 18, 2006

FEDERAL NEWS

Advances to Company Were Loans, Interest Deductible; Accuracy-Related Penalty Reversed (Indmar Products, Co., CA-6)

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IRS's Determinations of a Married Couple's Deficiencies in Income Taxes Were Incorrect (Jenkins, TCM)
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Grassley Criticizes Latest Free File Program Offered by IRS
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STATE NEWS

Montana --Personal Income Tax: Rules Issued for Calculating Montana Source Income

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Nebraska --Personal Income Tax: Long-Term Care Savings Plan Enacted
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John H. Fisher
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