CCH TAX NEWS for December 10, 2007
FEDERAL NEWS
Guidance Released on Medical Expense Deductions (Rev. Rul.
2007-72)
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Debt Instrument Was Euro-Denominated Indebtedness (Rev. Rul.2008-1)
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IRS Seeking Comments Regarding "Prepaid Forward Contract" Transactions (Notice 2008-2)
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CCH Weekly Report from Washington, D.C.
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STATE NEWSAll States --Sales and Use Tax: U.S. House Subcommittee Holds Hearing on SST Bill
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Idaho --Corporate Income Tax: Sale of Subsidiaries, Partnership Interests Generated Business Income
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Washington --Property Tax: Correction: Amendment to Allow Excess Levy Approval by Simple Majority Passes
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