CCH TAX NEWS for May 2, 2008

CCH TAX NEWS for May 2, 2008

FEDERAL NEWS

Educational Tax Credits Need Simplification, Lawmakers Told (TDNR HP-955)

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Form Available to Material Advisors for Maintaining Itemized Statement Component of Reportable Transaction List (Rev. Proc. 2008-20)
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Stipulated Decisions Vacated in Three Kersting Tax Shelter Cases (Hartman, TCM)
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STATE NEWS

Alabama --Multiple Taxes: Governor Proposes Compromise Tax Relief Package

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New York --Tobacco Tax: Excise Tax on Cigarettes to Increase
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North Carolina --Corporate Income, Franchise Taxes: DOR's Alternative Apportionment Determinations Clarified
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John H. Fisher
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