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Pennsylvania Supreme Court finds net loss carryforward limitation unconstitutional; severs fixed dollar amount cap.
Canada-U.S. competent authority agreement for the automatic exchange of country-by-country information has been released by the IRS.
The IRS has provided disaster relief, including retirement accounts, to the taxpayers affected by the wildfires in California.
Rulings similar to favorable rulings the IRS previously issued are somewhat limited, at least temporarily, and possibly permanently.
California taxpayers located in several counties are eligible for disaster-related benefits such as filing and payment extensions.