CCH TAX NEWS for February 27, 2007
FEDERAL NEWS
IRS Issues Final Regulations Governing Depreciation of MACRS Property Acquired in Like-Kind Exchange or as a Result of Involuntary Conversion (T.D. 9314)
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IRS Releases Eighth Annual Report on Advance Pricing Agreement Program (Ann. 2007-31)
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Self-Employed Farmer's Travel and Depreciation Deductions Disallowed (Riley, TCS)
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STATE NEWS
California --Corporate, Personal Income Taxes: State Implements IRC §409A Employer Compliance Resolution Program
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New York --Corporate Income Tax: Firm Required to Include Foreign Source Income
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