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#1 out of 4

Latest: The Disaster Related Extension of Deadlines Act (H.R. 1491) was sent to the President for signature after Senate approval.
The bill fixes how disaster postponements are treated for refund lookback under IRC § 6511(b)(2)(A).
The act creates that disregarded time counts as an extension for filing claims under § 6511.
The measure aligns the last date for payment with postponed deadlines to avoid premature collection notices.
The changes apply to notices issued after the Act’s enactment date, updating collection procedures.
The bill is framed as a technical correction to synchronize disaster relief with refund and collection timing.
The act is prepared with assistance from NotebookLM.
Effective date: applies to claims and notices issued after enactment.
The act provides a remedy for two statutory misalignments: refunds and collection notices during disasters.
The Senate approved the House bill without amendment before sending it to the President.

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#2 out of 4

The Tax Law Center opposes Treasury guidance allowing retroactive R&E expensing for CAMT purposes, calling it potentially unlawful under the statute.
The organization argues any carveout could be hard to justify under statutory authority and would resemble prior guidance that erodes the CAMT base.
The Tax Law Center plans to scrutinize eventual CAMT guidance for justification and statutory authorization.
The center notes it has provided rigorous CAMT comments and analysis amid related notices and guidance.
The statement links CAMT guidance to broader debates on the merits and statutory limits of the tax.
The Tax Law Center frames the guidance issue as one where industry lobbying could influence CAMT implementation contrary to the statute.
The center emphasizes that CAMT guidance should be grounded in statutory authority, not policy preference.
The statement references related Tax Law Center resources on CAMT implementation and related notices.
The publication date on the statement is December 12, 2025, indicating its archival context.
The Tax Law Center identifies itself as independent from client interests in its CAMT commentary.

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#3 out of 4

The article explains potential tax implications for recipients of Social Security benefits under new IRS guidelines.
Who is affected, what triggers tax obligations, and when the rules apply are outlined for taxpayers.
The report notes the importance of understanding policy details for beneficiaries.
The article references IRS guidelines and discusses possible implications for filers who receive benefits.
The piece aims to help readers determine their tax liability in light of the new guidance.
The report highlights that beneficiaries should review their specific situation to assess tax impact.
The analysis focuses on practical considerations for readers rather than speculative commentary.
The article underscores the need to monitor IRS guidance as policies evolve.
Readers are advised to seek official licensing or contact details for further information.

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#4 out of 4562.0 est. views

GAO finds Puerto Rico tax incentives could amount to hundreds of millions in annual lost federal revenue, prompting IRS oversight.
IRS data gaps hinder enforcement as Puerto Rico and IRS lacked updated residency and tax compliance data.
GAO notes two major hurricanes and other crises affected Puerto Rico’s economic indicators since 2012.
Critics argue incentives widen wealth inequality and drain federal funds for programs like Social Security and Medicare.
GAO mentions ongoing independent probes into oversight by the Senate Finance Committee in 2024.
Incentives under Act 20 and Act 22 aim to attract businesses and individuals with tax breaks like 4% corporate tax or 100% exemptions on certain gains.
GAO notes Puerto Rico’s economy showed little or no growth since 2012 despite incentives.
Puerto Rico tightened compliance and raised donation requirements to bolster local benefits from incentives.
GAO provides a mixed view on jobs and tax revenue generated by Act 20 and Act 22.
GAO highlights an ongoing debate: economic benefits vs. fiscal costs.

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