CCH Tax News Headlines - August 8, 2008
FEDERAL NEWS -
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Transactions to Inflate Basis of Corporate Stock Using Foreign Currency Options Lacked Economic Substance (Stobie Creek Investments, LLC, FedCl)
Third Party Summonses Enforced; Powell Factors Satisfied (Clearwater Consulting Concepts, LLLP, DC V.I.)
Rates for Computing Current Plan Liability for August 2008 Set (Notice
2008-69)
Taxpayers with 25 or More Heavy Highway Vehicles Must E-File Form 2290 (IR2008-94)
STATE NEWS New York --Corporate Income Tax: Investment Credit Qualifications Discussed
Virginia --Sales and Use Tax: Equipment Used in Providing Internet Access Services Exempt
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