CCH TAX NEWS HEADLINES - OCTOBER 21, 2011

CCH TAX NEWS HEADLINES - OCTOBER 21, 2011 _IRS Begins PTIN Renewals for 2012 Filing Season (IR-2011-105)_

Posted on _10/21/2011_ by _CCH_ The IRS has begun accepting renewals of Preparer Tax Identification Numbers (PTINs) for the 2012 filing season. Anyone who for compensation prepares, or helps prepare, all or substantially all of tax returns or claims for refunds must have a valid, ? _Continue reading ?_ Posted in _Federal Tax Headlines_ |_Leave a comment_ _Certain Requirements for Low-Income Housing Credit Projects Suspended to Provide Disaster Relief in New York (Notice 2011-87)_ Posted on _10/21/2011_ by _CCH_ The IRS has suspended certain requirements for low-income housing credit projects in order to provide emergency housing to New York residents who were displaced by the devastation caused by Hurricane Irene during the period of August 26, 2011, to September ? _Continue reading ?_ Posted in _Federal Tax Headlines_ |_Leave a comment_ STATE TAX HEADLINES _New York ~ Multiple Taxes: Information for Upcoming E-File Mandates Provided_ Posted on _10/21/2011_ by _CCH_ The New York Department of Taxation and Finance has provided information regarding upcoming e-filing mandates for corporate and personal income and sales tax returns. Tax preparers filing more than five tax documents a year must e-file returns filed on or ? _Continue reading ?_ Posted in _State Tax Headlines_ |_Leave a comment_ _Illinois ~ Sales and Use Tax: Local Hotel Tax on Online Travel Companies Is Valid Use Tax_ Posted on _10/21/2011_ by _CCH_ The U.S. District Court for the Northern District of Illinois held that a

7% hotel tax imposed by the village of Rosemont, Illinois, on the full room rental fees charged by online travel companies (OTCs) is a valid use tax, ? _Continue reading ?_ Posted in _State Tax Headlines_ |_Leave a comment_