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This bill has not yet been enacted into law. Assuming it does, the IRS must then develop procedures for handling it; which TT must then program, test and then have approved by the IRS. So stay tuned.
No. It is not even law yet and if it becomes low then the IRS must develop the regulations and methods of implementing it. Could take months.
This bill has not yet been enacted into law. Assuming it does, the IRS must then develop procedures for handling it; which TT must then program, test and then have approved by the IRS. So stay tuned.
I'm waiting to see what happens after. Will we have to amend it. If this goes through?
You might have to amend, you they can do a credit for 2021. There is no information from the IRS regarding unemployemtn exclusion yet.
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