CCH Tax News Headlines - February 17, 2009

Federal Headlines: - http://tax.cchgroup.com/news/headlin...nws21709.htm#1
2/17/2009 - Call-Option Spread Transactions Contributed to
Partnerships Lacked Economic Substance; Penalties Imposed (Maguire
Partners-Master Investments, LLC, DC Calif.)
2/17/2009 - Guidelines Issued for Development, Printing and Approval
of Substitute Tax Forms (Rev. Proc. 2009-17)

State Headlines:
2/17/2009 - All States --Corporate Income Tax: BAT Simplification
Act Reintroduced in U.S. House
2/17/2009 - California --Corporate Income Tax: U.S. Supreme Court
Asked to Review Remedy for Invalid LLC Fee
2/17/2009 - Tennessee --Sales and Use Tax: Expansion of Collection
Requirements for Internet Sellers Proposed

Missed a headline? Click here for last week's tax highlights. -
http://tax.cchgroup.com/NewsHeadline...t.asp?PageID=4

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >