CCH Tax News Headlines - December 31 , 2008
Federal Headlines: -
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12/31/2008 - Corporation's Sales of Stock in Subsidiaries Terminated Its Interest; Taxed as Distributions in Exchange for Stock, Not Dividends (Merrill Lynch & Co., Inc., TC)
12/31/2008 - Individual Not Entitled to Alimony Deduction; Payments Treated as Child Support (Haubrich, TCM)
State Headlines:
12/31/2008 - Alabama --Corporate Income Tax: Use of Gross Income Ratio Formula to Apportion Interest Expense Deductions Upheld12/31/2008 - New York --Corporate Income Tax: Computation of Bad Debt Reserve Balance Overturned
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