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Today's Tax News & Analysis Highlights

Friday, July 4, 2008

FEDERAL NEWS

  • Former Exec Implicates J.P. Morgan in Aiding Tax Evasion
  • IRS Issues Final, Temporary Regs on Subpart F Treatment of Aircraft and Vessel Leasing Income
  • IRS Issues Proposed Regs on Subpart F Treatment of Aircraft and Vessel Leasing Income
  • IRS Suspends Low-Income Housing Credit Requirements Because of Storms, Flooding in Wisconsin
  • IRS Revises Revenue Procedure That Details How to Correct Failed Life Insurance Contracts
  • IRS Seeks Applications for New Community VITA Matching Grant Program

STATE NEWS

  • Alaska Senators Ask BP, ConocoPhillips to Provide Tax Details on Gas Pipeline Plan
  • California Budget Deadlock Passes Fiscal Year Deadline
  • Florida Enacts Higher Corporate Credit for Scholarships
  • Missouri Governor Signs Local Property Tax Offset Bill
  • New Mexico Governor Proposes Doubling the Child-Care Credit
  • Pennsylvania Governor Approves Earned Income Tax Simplification

INTERNATIONAL NEWS

  • Mexico Addresses U.S. Foreign Tax Credit Issue Under New Cash Deposits Tax
  • New Zealand Introduces International, Business Tax Reform Bill
  • U.K.'s Brown Averts Another Crisis Over Tax Change
  • Russian Officials Divided Over VAT Reduction
  • High Fuel Taxes Ignite Debate in Turkey
  • Vietnamese National Assembly Approves EIT Law, VAT Law

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CONFERENCES

July 18, 2008
The IRS — 10 Years After Reform: What's Working, What's Not, What's Next

July 25, 2008
Tax Shelters and Penalties: Reasonable Cause, Opinion Letters, and Other Issues

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