November deadline passes for California I.R.C. conformity; I.R.C. Sec. 355 provisions may be impacted

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California's 2010 I.R.C. conformity bill may be "void" as of November 3, 2011, leaving California taxpayers uncertain as to which rules apply, and when, with respect a variety of conformity issues, including the active trade or business requirement under Internal Revenue Code (I.R.C.) Section 355.



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