CCH Tax News Headlines - October 31, 2008

CCH Tax News Headlines - October 31, 2008

FEDERAL NEWS -

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Second Stimulus Bill Not Needed, White House Says, Despite Decrease in GDP

TIGTA Report Suggests Improvement in IRS Handling of Fraudulent Returns

Proposed Regulations Address Discharge of Partnership Debt in Exchange for Partnership Interest (NPRM REG-164370-05)

Facade Conservation Contribution Overvalued; Appraiser's Report Admissible; Penalty Imposed (White House Hotel Limited Partnership, TC)

Deductions Disallowed, Amount of Deficiency Limited to IRS Pleadings (Baker, TCM)

STATE NEWS California --Multiple Taxes: Bi-partisan Commission Will Examine Revenue System

Connecticut --Personal Income Tax: Taxpayers in a Same-Sex Marriage May File Jointly

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John H Fisher
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