CCH TAX NEWS for July 3, 2007

CCH TAX NEWS for July 3, 2007

FEDERAL NEWS

IRS Establishes Procedure for Temporary Relief From Code Sec. 42 Requirements in Federal Disaster Areas (Rev. Proc. 2007-54)

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Taxpayers May Adopt Advance Trade Discount Method of Accounting (Rev. Proc. 2007-53)
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STATE NEWS

Ohio --Corporate, Personal Income Taxes: Job Retention Credit, Other Provisions Amended by Budget Bill

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Ohio --Sales and Use Tax: Budget Bill Impacts Origin-Based Sourcing, Other Areas
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