CCH TAX NEWS for November 20, 2007
FEDERAL NEWS
Practitioners Receive Warning Notices About Alleged Tax Patent Infringements
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IRS Announces Honda Hybrid Credit Phase-Out to Begin January 1, 2008 (IR-2007-191; Notice 2007-98)
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Social Security Contribution and Benefit Base, Domestic Employee Coverage Threshold for 2008 Released (Notice 2007-92)
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IRS's Basis Adjustment Qualified as Omission of Income; Omission Not Adequately Disclosed (Salman Ranch Ltd., FedCl)
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STATE NEWSAlaska --Severance Tax: Legislature Overhauls Petroleum Profits Tax
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Maryland --Sales and Use Tax: State Tax Rate Increased to 6%
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Maryland --Corporate, Personal Income Taxes: Governor Signs Legislation Raising Tax Rates
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