CCH TAX NEWS for October 9, 2007

CCH TAX NEWS for October 9, 2007

FEDERAL NEWS

IRS Provides Simplified Methods for Late Corporation and S Corporation Elections (Rev. Proc. 2007-62)

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IRS Provides Monthly Bond Factor Amounts for Dispositions of Low-Income Buildings, Interests in October through December 2007 (Rev. Rul. 2007-62)
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STATE NEWS

North Carolina --Sales and Use Tax: Guidance Regarding Bundled Transactions Provided

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John H. Fisher
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