NYSBA Issues Tax Reports

The New York State Bar Association Tax Section has issued a number of tax reports:

• Proposed Regulations Regarding the Active Trade or Business Requirement under Section 355(b) (No. 1142)
• Comments on Proposed Amendments to Part 132 of the Personal Income Tax Regulations (No. 1141)
• Report on Proposed Regulations Under Section 987 (No. 1140)
• Definition of "Tax Return Preparer" and Other Issues Under Code Sections 6694, 6695 and 7701(a)(36) (No. 1139)
• Proposed Consolidated Return Stock Loss Regulations (No. 1138)
• Final Regulations Regarding Allocation of Basis under Section 358 and Related Matters (No. 1137)
• Comments in Response to Notice 2007-39 Concerning Monetary Penalties for Certain Prohibited Conduct Under Circular 230 (No. 1136)