Summary: H.R.3572 — 96th Congress (1979-1980)All Information (Except Text)

There is one summary for H.R.3572. Bill summaries are authored by CRS.

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Introduced in House (04/10/1979)

Amends the Internal Revenue Code to allow taxpayers an income tax credit for all ordinary and necessary expenses which such taxpayers incur in connection with an audit or a final judicial determination of their tax liability, if such audit or determination establishes that there is no tax deficiency. Disallows an income tax deduction for any audit expenses for which a credit is claimed under the provisions of this Act.