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December 16, 2020

EY publication highlights accounting implications of 2020 Q4 tax developments

The Quarterly tax developments for the quarter ended December 31 is attached below. Prepared by Ernst & Young LLP's Tax Accounting group, this publication provides a quarterly overview of enacted tax legislation, as well as regulatory developments and other items through December 11, 2020, except as noted. Highlights of this edition include:

 — Tax legislation enacted this quarter

 — Tax legislation effective this quarter

 — Other developments to consider for the quarter and year-end provisions, including administrative guidance on tax issues stemming from the COVID-19 crisis

 — Things we have our eyes on

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Contact Information
For additional information concerning this Alert, please contact:
Tax Accounting and Risk Advisory Services
   • Angela Evans (
   • George Wong (


Quarterly Tax Accounting Developments for Q4 2020