CCH TAX NEWS for May 9, 2007

CCH TAX NEWS for May 9, 2007

FEDERAL NEWS

Warrants to Purchase Stock Had Ascertainable Value on Date of Grant; Warrants Were Not Transferred As a Result of Performance of Services; Transfer of Warrants Was Not Constructive Dividend (Kimberlin, TC)

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STATE NEWS

North Dakota --Multiple Taxes: Property Tax Relief Package Enacted

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John H. Fisher
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