Senate passes law giving disaster victims additional tax relief
It authorizes the IRS to grant extensions after states declare disasters.
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It authorizes the IRS to grant extensions after states declare disasters.
Here are the key provisions that a KPMG tax expert is watching.
TCJA extensions will be passed, tips won’t be taxed, and Pillar Two won’t affect US companies.
Org is pushing for changes to TCJA, IRS spending, and disaster tax relief.
Updates have implications for domestic, international companies according to experts.
It’d do away with amortization of R&D expenses—at least until 2026.
Congress is close to a deal to revise the TCJA.
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