CCH Tax News Headlines - May 19, 20, and 21, 2010

CCH Tax News Headlines - May 19, 20, and 21, 2010 Federal Headlines:

5/21/2010 - _House, Senate Taxwriters Unveil Extenders Legislation_ 5/21/2010 - _IRS Releases Transitional and Potential Withholding Rules For Securities Lending Transactions Involving Substitute Dividend Payments, Extends 2010 Filing Deadline (Notice 2010-46)_ 5/21/2010 -_Foreign Currency Option Was Not Foreign Currency Contract; Mark-to-Market Inapplicable for Loss Recognition (Summitt, TC)_ 5/20/2010 -_Ways and Means Panel Considers Taxation of Internet Gambling_ 5/20/2010 - _Extenders Bill Ready for House Action_ 5/20/2010 -_Tax Losses Arising Out of Tax Shelter Transactions Disallowed (Fidelity International Currency Advisor A Fund, LLC, DC Mass.)_ 5/19/2010 -_Final Regulations Add Public Officer Vehicles as Qualified Nonpersonal Use Vehicles (TD 9483)_ 5/19/2010 -_Final Regulations Address Diversification Requirements for Certain Defined Contribution Plans (T.D. 9484)_ State Headlines: 5/21/2010 - _CCH Audio Seminar: California Partnerships: State Tax Issues, Compliance and Planning Scheduled for Tuesday, May 25_ 5/21/2010 - _North Carolina --Multiple Taxes: Senate Passes Budget BillContaining a Variety of Tax Changes_ 5/21/2010 -_Virginia --Sales and Use Tax: Reminder Issued on Upcoming Hurricane Preparedness Holiday_ 5/20/2010 -_Arizona --Sales and Use Tax: Arizona Voters Approve 1% Rate Increase_ 5/20/2010 -_Hawaii --Multiple Taxes: Transition Period Allowed for Certain Accelerated Due Dates_ 5/20/2010 -_Wisconsin --Multiple Taxes: Exemption Enacted for Personal Renewable Fuel, Pump Credit Amended_ 5/19/2010 - _Hawaii --Corporate, Personal Income Taxes: IRC Conformity Updated_ 5/19/2010 - _Maine --Sales and Use Tax: Guidance Provided on 2010 Electronic Filing Requirement for Semiannual Filers_ 5/19/2010 -_Virginia --Multiple Taxes: Information Provided on Reduction or Suspension of Certain Dealer Discounts_