CCH Tax News Headlines - January 8, 2009

CCH Tax News Headlines - January 8, 2009

Federal Headlines: -

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1/8/2009 - Senate Democrats Outline 2009 Legislative Agenda 1/8/2009 - IRS Expands Guidance Regarding Stock Distributions to Cover RICs (Rev. Proc. 2009-15) 1/8/2009 - Erroneous Deferral of Income Not Fraudulent; Statute of Limitations Not Extended (Loeb, TCM) 1/8/2009 - Parent Corporation Required to Use Subsidiaries' Short Tax Year to Depreciate Subsidiary Assets (Brunswick Corp., DC Ill.)

State Headlines:

1/8/2009 - Massachusetts ?Multiple Taxes: Confidentiality of Tax Information Final Regulation Adopted 1/8/2009 - New York ?Multiple Taxes: Governor Proposes Surcharge on Sweet Drinks, Property Tax Cap 1/8/2009 - North Carolina ?Corporate, Personal Income Taxes: DOR Clarifies Bonus Depreciation Addition Adjustment

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

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John H. Fisher
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