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IRS Wants More Loss Rule Input, ‘Sensitive’ to Economic Climate

June 11, 2020, 6:26 PM

The deadline for comments passed in November, but IRS officials still want the public to weigh in on September 2019 proposed rules for restrictions on the use of losses as tax breaks after a merger or acquisition.

“We’re still welcoming any comments anybody has,” Reid Thompson, an IRS attorney, said Thursday during an American Bar Association webcast. He added that written comments were preferred but even a phone call would suffice.