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Wednesday | August 20, 2008   
 

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Federal Headlines:
  8/20/2008 - Proposed Regulations Affecting Certain Transactions Involving Foreign Corporations Issued (NPRM REG-209006-89)
  8/20/2008 - Applicable Federal Rates for September 2008 Released (Rev. Rul. 2008-46)
  8/20/2008 - Domestic Asset/Liability Percentages and Domestic Investment Yields Set for Foreign Insurers (Rev. Proc. 2008-53)
  8/20/2008 - IRS Releases Instructions for Redesigned 2008 Forms 990 (IR-2008-98)
  8/20/2008 - "Items of Ordinary Income" Did Not Include Short-Term Capital Gains; Settlement Agreement Did Not Bar Firm from Joining Partnership Level Proceeding as Participating Partner (Imprimis Investors LLC, FedCl)
 
State Headlines:
  8/20/2008 - California --Sales and Use Tax: Cell Phone Regulation Provided Safe Harbor
  8/20/2008 - New York --Sales and Use Tax: Out-of-State Retailer Not Required to Register and Collect Tax

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