CCH TAX NEWS for September 13, 2007
FEDERAL NEWS
Treasury Weighs Economic Effect of Housing and Credit Woes
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Award Turned over to Bankruptcy Trustee Includible in Income (Burns, TCM)
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Corporation Entitled to Compensation Deduction in Amount Determined; Depreciation Disallowed (Vitamin Village, Inc., TCM)
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STATE NEWS
California --Corporate, Personal Income Taxes: Governor Calls Special Session on Health Care Reform
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Massachusetts --Corporate Income Tax: Limited Partnership Interest Served Operational Function
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