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August 2011 Federal Late election to aggregate rental real estate interests by real estate professionals Property used as service station eligible for 15-year recovery period Relief granted to a taxpayer who failed to make a proper 59(e) election Schedule UTP – IRS adds some clarity with new FAQs Election to refund AMT credit carryover in lieu of bonus depreciation not subject to section 383 limits State and Local California bill significantly expands sales and use tax nexus Potential impact of Florida property tax reassessment Limitation on certain NOL carryfowards under Massachusetts combined reporting regime Texas bill clarifies sales and use tax nexus on internet hosting Vermont enacts click through nexus and remote seller notification requirements International Reporting guidance for PFIC shareholders and specified foreign financial assets