CCH TAX NEWS for March 4, 2008
FEDERAL NEWS
Introduction of Return-of-Capital Evidence by Corporate Distributee Accused of Tax Evasion Allowed (Boulware, SCt)
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IRS Announces Interest Rate Drop for Calendar Quarter Beginning April
1, 2008 (IR-2008-30; Rev. Rul. 2008-10)
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Taxpayers Not Liable for Tax Due to Lapse of Insurance Policy (Dyer, TCS)
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STATE NEWS
Kentucky --Corporate Income Tax: Federal Suit Challenging Unitary Refund Claim Law Not Barred
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Virginia --Multiple Taxes: Northern Virginia Transportation Authority Tax Held Unconstitutional
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