Ask AI
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.

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.

Referred to the House Committee on Ways and Means.

Rep. Estes, Ron [R-KS-4](R-KS)Sponsor
64 cosponsors30 D34 R
64cosponsors1committees3actions2related bills4subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

To amend the Internal Revenue Code of 1986 to clarify that payment of taxes on deferred fo… — Informed