CCH Tax News Headlines - December 11, 2008

Dec 12, 2008 2 Replies
J

CCH Tax News Headlines - December 11, 2008



Federal Headlines: -

formatting link



12/11/2008 - House Votes to Pass Auto Bailout Bill; Senate Action Unclear 12/11/2008 - House Approves Suspension of RMD Excise Tax 12/11/2008 - IRS Extends Reporting and Withholding Transition Rules for Nonqualified Deferred Compensation Plans (Notice 2008-115) 12/11/2008 - IRS Releases Guidance Regarding Certain Stock Distributions by REITs (Rev. Proc. 2008-68)

State Headlines: 12/11/2008 - Delaware --Sales and Use Tax: Tax on Auto Manufacturer Constitutional 12/11/2008 - South Carolina --Multiple Taxes: Governor Calls for Tax Reform 12/11/2008 - West Virginia --Sales and Use Tax: Court Rules on "Health and Fitness," "Support" in Nonprofit Case



Missed a headline? Click here for last week's tax highlights. -

formatting link


Vote
Twitter Facebook LinkedIn
H

formatting link
>

(among others)

Well, yesterday the Senate passed it too, and the bill goes to the white house next week for president's signature. The suspension is for tax year 2009 only; but who knows what the future may bring?

It's a nice Christmas present I think. The long haul effects of not having to take just one RMD next year are tremendous for my life expectancy. So, I'm happy.

ChEAr$, Harlan Lunsford, EA n LA

Vote
Twitter Facebook LinkedIn
J

Your happiness brings joy to my heart!!! Happy Holidays!!!-:)

Vote
Twitter Facebook LinkedIn

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required