H.R. 2985 — To amend the Internal Revenue Code of 1986 to clarify that payment of taxes on deferred foreign income in installments shall not prevent credit or refund of overpayments or increase estimated taxes.

Summary

This bill amends the Internal Revenue Code to provide that installment payment of taxes on deferred foreign income shall not prevent a credit or refund of overpayments of tax or an increase in estimated taxes.

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Related Legislation

S. 3548CARES Act
2020-06-03Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 116-604.
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S. 2998Tax Payment Clarification Act
2019-12-09Read twice and referred to the Committee on Finance.
Related

Legislative Actions

2019-05-23
Introduced in House
2019-05-23
Introduced in House
2019-05-23
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to clarify that payment of taxes on deferred foreign income in installments shall not prevent credit or refund of overpayments or increase estimated taxes.

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