Tax Payment Clarification Act 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.
Income tax creditsIncome tax deferralInterest, dividends, interest ratesTax administration and collection, taxpayersTaxation of foreign income
Tax Payment Clarification Act
USA116th CongressS-2998| Senate
| Updated: 12/9/2019
Tax Payment Clarification Act 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.