CCH Tax News Headlines - August 20, 2008
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Proposed Regulations Affecting Certain Transactions Involving Foreign Corporations Issued (NPRM REG-209006-89)
Applicable Federal Rates for September 2008 Released (Rev. Rul.
2008-46)Domestic Asset/Liability Percentages and Domestic Investment Yields Set for Foreign Insurers (Rev. Proc. 2008-53)
IRS Releases Instructions for Redesigned 2008 Forms 990 (IR-2008-98)
"Items of Ordinary Income" Did Not Include Short-Term Capital Gains; Settlement Agreement Did Not Bar Firm from Joining Partnership Level Proceeding as Participating Partner (Imprimis Investors LLC, FedCl)
STATE NEWS California --Sales and Use Tax: Cell Phone Regulation Provided Safe Harbor
New York --New York --Sales and Use Tax: Out-of-State Retailer Not Required to Register and Collect Tax
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