CCH TAX NEWS for December 7, 2007
FEDERAL NEWS
One-Year Patch for AMT Clears Senate
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Long-Awaited Legislation Would Equalize Return Preparer and Taxpayer Standards
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IRS Will Not Challenge Tax Status of Securitization Vehicles Due to Certain Modification to Subprime Mortgages (Rev. Proc. 2007-72)
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STATE NEWSPennsylvania --Multiple Taxes: REAP Credit Guidelines, Applications, Other Matters Discussed
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Texas --Corporate Income Tax: Preservation of Temporary Credit for Business Loss Carryforwards Explained
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