CCH TAX NEWS for August 3, 2007

CCH TAX NEWS for August 3, 2007

FEDERAL NEWS

Treasury Delivers Tax Gap Plan to Baucus (IR-2007-37; TDNR HP-524)

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Partner's Penalties Related to Partnership Items Could Not Be Challenged in Tax Court (Fears, TC)
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STATE NEWS

North Carolina --Multiple Taxes: Budget Bill With Numerous Tax Changes Enacted

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Oregon --Corporate, Personal Income: Tax Legislation Limits Exemption for High-Income Taxpayers, Provides New Credits
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John H. Fisher
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