@cats0413 wrote:
I am definitely not asking for anyone to wade through legislation...it still needs to go through the Senate and President and it seems that they want to move quickly. Just wanted to know off-hand for people that follow these things.
If it passes and the President signs it into law then allow 2-4 months for the IRS to design or modify forms to include it assuming that it would even be retroactive to 2020.
The 2020 COVID relieve 8915-E form for the 2020 disaster is still in the draft state at the IRS and we don't even have an estimate when that form will be ready.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
