CCH Tax News Headlines - June 17, 2009
Federal Headlines: -
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6/17/2009 - IRS Provides Guidance for Consolidated Groups ElectingOut of Single Entity Treatment for Intercompany Transactions(Rev.Proc. 2009-31) 6/17/2009 - Shulman Urges Congress to Reform Rules for Employer- Provided Cell Phones 6/17/2009 - Proceeds from the Sale of Excess Lot Were Capital Gains, Not Ordinary Income (Rice, TCM) 6/17/2009 - Incorrect Definitions Adopted to Determine Qualified Research for Purposes of Research Tax Credit; Allowable Tax Credit Could Be Estimated (McFerrin, CA-5)
State Headlines: 6/17/2009 - Georgia --Sales and Use Tax: Online Travel Company Must Remit Hotel Taxes 6/17/2009 - North Carolina --Multiple Taxes: House Budget Bill Contains Rate Increases, Unitary Group Returns and More 6/17/2009 - Wisconsin --Multiple Taxes: Assembly Passes Budget Bill With Numerous Tax Provisions
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