CCH TAX NEWS for May 24, 2007
FEDERAL NEWS
Cancellation of Distributor Agreement Treated as Sale or Exchange if Distributor Made Substantial Capital Investment (Rev. Rul. 2007-37)
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IRS Issues Proposed Mortality Table Regulations for PPA Changes (NPRM REG-143601-06)
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Guidance Issued in Anticipation of Amendment of Regulations Pertaining to Deductibility of Lodging Expenses (Notice 2007-47)
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STATE NEWSAll States --Multiple Taxes: U.S. Senate Bill Would Extend Internet Tax Ban by Four Years
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All States --Sales and Use Tax: Streamlined Sales Tax Bill Introduced in U.S. Senate
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