CCH Tax News Headlines - August 7, 2008

CCH Tax News Headlines - August 7, 2008

FEDERAL NEWS -

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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

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John H. Fisher
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