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CCH TAX NEWS for May 16, 2008

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John H. Fisher

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May 16, 2008, 9:47:46 AM5/16/08
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CCH TAX NEWS for May 16, 2008

FEDERAL NEWS

Senate Sends Farm Bill to White House
http://tax.cchgroup.com/news/headlines/2008/nws51608.htm#1

Ways and Means Committee Adopts Tax Extender Legislation
http://tax.cchgroup.com/news/headlines/2008/nws51608.htm#2

AMT Assessments Arising from Disallowed NOL Carrybacks Timely;
Limitations Period Began with Loss Year, Not Carryback Year (Nemitz,
TC)
http://tax.cchgroup.com/news/headlines/2008/nws51608.htm#3

Innocent Spouse Claimant May Introduce New Evidence in Tax Court
(Porter, TC)http://tax.cchgroup.com/news/headlines/2008/
nws51608.htm#4

STATE NEWS

California --Sales and Use Tax: Governor Presents Revised Budget
Proposal
http://tax.cchgroup.com/news/headlines/2008/nws51608.htm#5

New Jersey --Corporate Income Tax: Taxpayer Could Not Apportion Income
http://tax.cchgroup.com/news/headlines/2008/nws51608.htm#6

New York --Sales and Use Tax: Availability of Credit or Refund for Tax
Paid to Another State Discussed
http://tax.cchgroup.com/news/headlines/2008/nws51608.htm#7

Missed a headline? Click here to review last week's tax news
http://tax.cchgroup.com/news/default.asp?PageID=4

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