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Senate Republicans Ask IRS to Clarify TJCA Provisions

August 21, 2018

A group of Republicans on the Senate Finance Committee is asking the U.S. Internal Revenue Service (IRS) and the U.S. Treasury Department to issue guidance based on the senators' explanation of the congressional intent behind several provisions of the Tax Cuts and Jobs Act related to qualified improvement property expensing, the net operating loss deduction and sexual misconduct settlements. Click here for more information.