CCH Tax News Headlines - August 7, 2008
FEDERAL NEWS -
Guidance Provided Regarding Substantiation and Reporting Requirements for Cash and Noncash Charitable Contribution Deductions
Transfer of Retirement Plan to Unrelated Taxpayer Violates Exclusive Benefit Rule (Rev. Rul. 2008-45)
IRS Announces Penalty-Free LILO/SILO Tax Shelter Settlement Initiative
Law Firm Was Predecessor's Successor for Tax Liability Purposes; Could Not Bring Wrongful Levy Claim (Hwang Law Firm, LLC, DC
STATE NEWS All States --Multiple Taxes: UDITPA, Preemption Among the Topics at MTC Annual Meeting
Indiana --Personal Income, Property Taxes: Governor Proposes Permanent Tax Caps, Automatic Refund
Oregon --Corporate, Personal Income Taxes: Clean Diesel Engine Tax Credit Rules Adopted, Amended
Missed a headline? Review last week's tax news -