Tax News
Daily Tax News Updates
Post details: Maryland --Corporate Income Tax: State Decouples from Cancellation of Debt Income (CODI) Deferral
05/26/09
Maryland --Corporate Income Tax: State Decouples from Cancellation of Debt Income (CODI) Deferral
CCH (cch.taxgroup.com) reports:
Maryland has enacted legislation that decouples from a provision of the American Recovery and Reinvestment Act of 2009 (Recovery Act) (P.L. 111-5) that allows taxpayers to defer income from the discharge of indebtedness in connection with the reacquisition after December 31, 2008, and before January 1, 2011, of a corporate or business debt instrument. The amendment applies to any taxable year to which IRC Sec. 108(i), as amended by the Recovery Act, applies.
Subscribers can view the legislation.
Ch. 487 (H.B. 101), Laws 2009, applicable as noted
Tax News
Daily Tax News
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
| << < | > >> | |||||
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 7 | 8 | 9 | 10 | 11 | 12 | 13 |
| 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| 21 | 22 | 23 | 24 | 25 | 26 | 27 |
| 28 | 29 | 30 | 31 | |||
Search
Categories
Archives
- District of Columbia --Corporate and Personal Income, Sales and Use Taxes: Second FY 2010 Budget Support Approved
- Tax Court Lacked Jurisdiction Where Deficiency Notice Not Mailed to Estate's Last Known Address (Rule Est., TCM)
- Return Preparers Permitted Certain Disclosures to Solicit New Business and to Professional Liability Insurance Carriers (IR-2009-121; Rev. Rul. 2010-4; Rev. Rul. 2010-5)
- Regulations Address Disclosure and Use of Return Information (T.D. 9478; NPRM REG-131028-09)
- Final, Temporary and Proposed Regulations Address the Use of Controlled Corporations to Avoid Application of Code Sec. 304 (T.D. 9477; NPRM REG-132232-08)
- Ohio --Sales and Use Tax: Sourcing Changes Explained
- London International Financial Futures and Options Exchange Recognized as Qualified Board or Exchange (Rev. Rul. 2010-3)
- Guidance on Elective Exclusion From Code Sec. 956 Obligation Definition, Determination of Readily Marketable Securities, Extended (Notice 2010-12)
- Temporary Suspension of AHYDO Rules Extended to 2010 (Notice 2010-11)
- Illinois --Sales and Use Tax: Airline's Second Refund Claim Barred by Statute of Limitations
- Florida --Sales and Use Tax: County Denied Injunctive Relief Against On-line Travel Companies for Collection of Tourist Development Taxes
- Extended Statute of Limitations for Assessment Applied upon Failure to Disclose Son-of-Boss Partnership Transaction; Disclosure Regulations Not Invalid (BLAK Investments, TC)
- more...
Misc
Syndicate this blog 
What is RSS?
powered by
Original template design by François PLANQUE.
