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RP-2020-39: Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability

August 14, 2020 IRS Newsroom Tax

Revenue Procedure 2020-39 addresses normalization issues that have arisen or are anticipated in ratemaking proceedings due to the corporate tax rate decrease that was included in the Tax Cuts and Jobs Act, Pub. L. 115-97 (131 Stat 2054), enacted on December 22, 2017.

It will appear in IRB 2020-36 dated Aug. 31, 2020.

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