CCH TAX NEWS for February 7, 2007

CCH TAX NEWS for February 7, 2007

FEDERAL NEWS

Comments Regarding Donor Advised Funds and Supporting Organizations Sought (Notice 2007-21)

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Couple Could Not Exclude Residence in Claiming Insolvency Exception to Discharge of Indebtedness Income (Quartemont, TCS)
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Mortgage Association's Claim for Interest Netting Denied; Limitations Period Had Expired (Federal National Mortgage Association, CA-FC)
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STATE NEWS

Pennsylvania--Corporate Income, Sales and Use Taxes: Governor Proposes Sales Tax Increase, New Oil Company Tax

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Rhode Island--Multiple Taxes: Governor Proposes Numerous Tax Changes
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John H. Fisher
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