August 2008

Soltis and Lau Provide Analyses for CCH's Housing Assistance Tax Act of 2008 Guide

Blackman Kallick Tax Partners Sandy Soltis and Paul Lau were contacted by CCH, a leading provider of tax research services, to provide practitioner analyses and comments to selected sections of the CCH Housing Assistance Tax Act of 2008 Guide.

Soltis' and Lau's analyses will be included in the following sections:

• FIRPTA on foreign affidavits;
• Delay in application of worldwide allocation of interest;
• Election to accelerate the AMT and research credits in lieu of bonus depreciation;
• Returns related to payments made in settlement of payment card and third party network transactions;
• Changes to payments of corporate estimated taxes;
• Amended tax returns to take into account certain hurricane-related casualty loss grants; and
• Waiver of deadline on construction of Gulf Opportunity Zone (GO Zone) property eligible for bonus depreciation.

Soltis and Lau are frequent contributors to Taxes—The Tax Magazine, which is one of the reasons they believe they were contacted by CCH to assist in the new publication. Blackman Kallick's Cara Hoffman, Greg Mudd and Madhuri Thaker also assisted in this effort.

For details, please contact Paul Lau directly ... or look in your copy of the CCH Housing Assistance Tax Act of 2008 Guide.