CCH TAX NEWS for March 15, 2005
FEDERAL NEWS
Procedures for Suspending Running of Interest on Potential Underpayments Announced (Rev. Proc. 2005-18)
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Tax Court Says Mileage and Parking Fees May Be Awarded as Litigation Costs (Dunaway, TC)
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House Passes Tax Exemption for FEMA Disaster Relief Grants
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Taxpayers Warned to Steer Clear of Tax-Avoidance Schemes (IR-2005-27; Notice 2005-30; Rev. Rul. 2005-17; Rev. Rul. 2005-18; Rev. Rul.2005-19; Rev. Rul. 2005-20; Rev. Rul. 2005-21)
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STATE NEWSCalifornia --Corporate, Personal Income Taxes: California Conforms to Federal Tsunami Disaster Relief Provisions
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New York --Multiple Taxes: Tax Changes Included in Legislative Budget Proposals
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North Carolina --Sales and Use Tax: North Carolina Petitions for Membership in Streamlined Agreement
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