CCH Tax News Headlines - August 30 & 31, 2011

CCH Tax News Headlines - August 30 & 31, 2011

Federal Headlines:

8/31/2011 - _President Defends Regulatory Agenda_ 8/31/2011 - _IRS Updates List of Approved Nonbank Trustees and Custodians for Tax-Advantaged Accounts (Ann. 2011-59)_ 8/31/2011 - _Individuals Not Entitled to Additional Child Tax Credit; Earnings Exempt from Self-Employment Tax Not Earned Income; Accuracy Penalty Applied (Heilman, TCM)_ 8/30/2011 - _President Announces Labor Economist to Be CEA Chairman; Economic Address Slated the Week of September 5_ 8/30/2011 - _Sale of Annuities by Individuals to Corporation Did Not Result in Gain or Loss (Lay Est., TCM)_

State Headlines:

8/31/2011 - _Kentucky - Corporate Income Tax: LLC Not Entitled to NOL Deduction_ 8/31/2011 - _Pennsylvania - Corporate Income Tax: Third-Party Preparer E-File Mandate Issued_ 8/31/2011 - _South Carolina - Property Tax: Property Owned by SMLLC Qualified for Legal Residence Ratio_ 8/30/2011 - _Illinois - Multiple Taxes: Various Taxable Income Modifications Amended_ 8/30/2011 - _New York - Multiple Taxes: Changes to Offer in Compromise Program Explained_