We provide here a written summary of answers provided by the Department of Revenue to the committee at periodic question and answer sessions. These documents are classified as Revenue information issued for informational purposes only for the convenience of PICPA members. Pursuant to 61 Pa. Code Section 3.4, these documents should not be relied upon for any purpose or used in tax appeals. Taxpayers requiring a binding opinion on a specific fact situation may request a written letter ruling under 61 Pa. Code Section 3.3.

Q&A with the Pennsylvania Department of Revenue

Does the Department of Revenue have any plans to issue further guidance related to the federal TCJA changes? Is the DOR pursuing corrective legislation?

Nov 15, 2019
The Department of Revenue is planning to issue a bulletin on IRC 163(j)/interest limitation impact on IRC 382 in a revised version of the Tax Bulletin 2008-03 – Net Loss Deduction Limitations under Internal Revenue Code Section 381. This will impact tax year 2019. The Department is not pursuing any legislation relating to TCJA at this time.
 

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Watch: 2019 Q&A with the DOR
Watch: 2019 Q&A with the DOR

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Disclaimer

These documents provide a summary of the answers provided by the Department of Revenue to the PICPA Committee on State Taxation at its annual question and answer session. These documents are classified as revenue information issued for informational purposes only for the convenience of PICPA members. Pursuant to 61 Pa. Code Section 3.4, these documents should not be relied upon for any purpose or used in tax appeals. Taxpayers requiring a binding opinion on their specific fact situation may request a written letter ruling under 61 Pa. Code Section 3.3.