CCH TAX NEWS for March 7, 2007
FEDERAL NEWS
Small Business Tax Relief Bill Stalled in Congress
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Former Corporate Officer Could File Tax Court Petition on Behalf of Dissolved Corporation (Asbury, TCM)
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Individual Not Entitled to Carry Back Alternative Minimum Tax Capital Loss on ISOs as Net Operating Loss (Guzak, FedCl)
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STATE NEWS
Connecticut --Multiple Taxes: Bill Would Eliminate Sales Tax Exemptions and Increase Income Tax Rates
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New Mexico --Multiple Taxes: Rate Reduction Legislation Passes Senate
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