CCH TAX NEWS for June 24, 2008
FEDERAL NEWS
Regulations Require Income Inclusion by U.S. Shareholders of CFCs Involved in Certain Nonrecognition Transactions (T.D. 9402; NPRM REG-102122-08)
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IRS Increases Optional Standard Mileage Rates for Second Half of 2008 (IR-2008-82; Ann. 2008-63)
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Failure to Consider Offer-in-Compromise Not Abuse of Discretion (Yesse, TCM)
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STATE NEWS
California --Personal Income Tax: Tax Treatment of Same-Sex Married Couples Addressed
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Florida --Corporate Income Tax: Guidance Provided Regarding IRC Conformity
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Ohio --Corporate Income Tax: Information Release Regarding Order of CAT Credits Finalized
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