CCH TAX NEWS for November 20, 2006
FEDERAL NEWS
Smartcards and Debit Cards May Be Used to Provide Qualified Transportation Fringe Benefits (Rev. Rul. 2006-57)
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Circumstances Identified Under Which Disclosure Is Adequate to Avoid Liability for Penalties (Rev. Proc. 2006-48)
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IRS Offers Settlement Initiative to Certain Foreign Embassy Employees (IR-2006-180; Ann. 2006-95)
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CCH Weekly Report --What's Happening on the Tax Front: Grassley, Thomas Meet on Extenders; Bush Seeks Entitlement Reform; IRS Office to Reopen in Early December
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STATE NEWS
New York --Corporate, Personal Income Taxes: Commercial Production Credit Regulations Adopted
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