CCH TAX NEWS HEADLINES - OCTOBER 19, 2011

CCH TAX NEWS HEADLINES - OCTOBER 19, 2011 _Final, Temporary and Proposed Regs. Address Deduction for Qualified Film and Television Production Costs (T.D. 9552, NPRM REG-146297-09)_

Posted on _10/19/2011_ by _CCH_ The IRS has issued final, temporary and proposed regulations relating to deductions for the cost of producing film and television productions. The temporary regulations reflect changes to the law made by the Tax Extenders and Alternative Minimum Tax Relief Act ? _Continue reading ?_ Posted in _Federal Tax Headlines_ | _Leave a comment_ STATE TAX HEADLINES _New York ~ Personal Income Tax: Nonresident Partner Could Not Claim Additional Passive Activity Loss_ Posted on _10/19/2011_ by _CCH_ The New York Department of Taxation and Finance has issued a personal income tax advisory opinion involving a nonresident with investments in real estate through partnerships having New York-source passive activity losses in

2010. As a result of the losses, ? _Continue reading ?_ Posted in _State Tax Headlines_ | _Leave a comment_ _New Jersey ~ Property Tax: Equalization Table Affirmed_ Posted on _10/19/2011_ by _CCH_ For New Jersey property tax purposes, the Morris County Board of Taxation?s 2011 Equalization Table did not violate state law or the Uniformity Clause of the New Jersey Constitution. In promulgating the County Equalization Table, the board adopted the New ? _Continue reading ?_ Posted in _State Tax Headlines_ | _Leave a comment_