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Today's Tax News & Analysis Highlights

Thursday, July 2, 2009

FEDERAL NEWS

  • IRS Designates New Appeals Reviewer for OPR Cases
  • University Trust Denied UBIT Refund, U.S. Claims Court Rules
  • IRS Wants to Know More About Data Used by Exempt Hospitals to Set Compensation, Official Says
  • Chief Counsel's Office Appoints Pinsky as Treasury's Delegate for Disciplinary Cases
  • IRS Provides Guidance on Standard of Review in Innocent Spouse Relief Cases
  • Trust Liable for UBIT on Securities Purchased on Margin

STATE NEWS

  • Overstock.com Discontinues Use of Advertiser Affiliates in Four States
  • Companies Expect Tax Incentives During Recession, Officials Say
  • Arizona Governor Partially Vetoes Budget, Calls Special Session
  • Connecticut Governor to Veto Democratic Budget Bill
  • Turmoil in New York Senate Continues While Tax Bills Linger
  • Two More Online Retailers End Agreements With Rhode Island Affiliates

INTERNATIONAL NEWS

  • Reimbursement for Loss of Capital Asset Not Part of Nonresident's Tax Base, Delhi Tax Tribunal Says
  • Greece Raising Taxes to Balance Budget
  • IASB Fair Value Rules Could Produce Results Similar to U.S. Standard
  • German Federal Assembly Approves Corporate Tax Changes
  • Hungarian Parliament Passes Major Changes to Tax Rules
  • Belarus Exempts Bond Income From Corporate, Individual Income Taxes

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