AICPA supports disaster tax bill, presses for permanent relief
The bill, which awaits the president’s signature, would make disaster tax relief rules easier to find and more predictable by adding them to the Internal Revenue Code, a change the AICPA says should be made permanent.
The bill, which awaits the president’s signature, would make disaster tax relief rules easier to find and more predictable by adding them to the Internal Revenue Code, a change the AICPA says should be made permanent.
BELLINGS Intelligence Score: 28
Why it matters
The AICPA's support for a disaster tax bill and push for permanent relief is a notable regulatory development affecting tax treatment and disaster relief predictability, relevant to credit professionals managing risk and compliance, but it lacks immediate systemic or broad market impact.
Sources
Journal of Accountancy
AICPA supports disaster tax bill, presses for permanent relief
The bill, which awaits the president’s signature, would make disaster tax relief rules easier to find and more predictable by adding them to the Internal Revenue Code, a change the AICPA says should be made permanent.