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Department of Treasury and Internal Revenue Service Issue Final Regulations to Remove Two Year Deferral

Feb 2, 2020 | Tax Updates

Leawood, KS – February 2, 2020:   The Internal Revenue Service and Department of Treasury issued final regulations to remove Treas. Reg. § 1.451-5. The removed regulation allowed for a two year deferral for taxpayers to delay reporting advance payments to income. The...

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