I spoke to Colin Wilhelm and Stu Basu of Bloomberg Tax about the cloudy prospects for extenders in light of the clean budget-debt deal.
Still, tax professionals tracking the process acknowledge that extenders can only be kept on life support for so long without congressional renewal.
“If it doesn’t happen in September you’re suddenly approaching a two-year lapse,” said Liam Donovan, a principal at the law firm Bracewell LLP. “And staff has indicated that there’s a point of no return for the 2018 tax year.”
Read the full piece here.