H.R. 2985 · 116th Congress
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.
- Stage
- In committee
- Sponsor
- Ron Estes
- Introduced
- 2019-05-23
- Latest action
- 2019-05-23 · Introduced in House
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.