CCH TAX NEWS for May 10, 2007

CCH TAX NEWS for May 10, 2007

FEDERAL NEWS

IRS Releases Guidance on Public Inspection of Unrelated Business Income Tax Returns (Notice 2007-45)

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Acting IRS Commissioner Defends IRS Budget Before Senate Appropriations Subcommittee
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STATE NEWS

Illinois --Corporate Income Tax: Gross Receipts Tax Proposal Tweaked Again

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Missouri --Corporate Income Tax: Consolidated Group Not Entitled to Additional Interest on Refund
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John H. Fisher
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