Corporate Business Taxation Monthly articles from November 2006

Corporate Business Taxation Monthly archives from November 2006

Developments in multistate taxation.
November 1, 2006... California At issue in a number of cases being litigated in California (1) is whether, for sales factor purposes, the term "gross receipts" includes both interest earned on short term investments as well as return of principal or does...

Multi-step transactions revisited.
November 1, 2006... The IRS and the Treasury finalized on July 5, 2006, regulations that address the application of the step-transaction doctrine to certain multi-step transactions. These regulations add to a history of court decisions and IRS rulings that...

Production incentive bolsters film and TV industries.
November 1, 2006... The Treasury and the IRS promulgated final domestic production deduction regulations on May 25, 2006.1 These regulations resolve various ambiguities reflected in the proposed domestic production regulations, often making these modifications in...

New funding rules under the Pension Protection Act of 2006.
November 1, 2006... New funding rules for defined benefit pension plans are among the most significant provisions of the Pension Protection Act of 2006 (1) ("the Act"), which President Bush signed into law on August 17, 2006. This article, which is adapted from...