CCH Tax News Headline - October 1, 2008
FEDERAL NEWS -
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IRS Addresses Loss Deductions Allowed to Banks After Ownership Change (Notice 2008-83)Individual Failed to Timely File a Mark-to-Market Election; Extension of Time to File Election Not Granted (Acar, CA-9)
Case-by-Case Analysis Necessary to Determine Medical Residents' Qualification for Student Exemption from FICA Taxes (University of Chicago Hospitals, CA-7)
STATE NEWS Alabama --Alabama --Franchise Tax: State High Court Upholds Refund of Unconstitutional Tax
California --Property Tax: U.S. Supreme Court Asked to Review Tax Sale Notice Challenge
California --Sales and Use, Motor Fuel Taxes: Voluntary Use Tax Reporting Program Reinstated
Taxas --Property Tax: Taxation of Stored Natural Gas Held Unconstitutional
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