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Treasury report details next steps for controversial guidance projects

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Treasury report details next steps for controversial guidance projectsThe Treasury on Oct. 4 released a report to President Donald Trump on the future of eight controversial tax regulation projects promulgated by the government since Jan. 1, 2016.

The report, “Identifying and Reducing Tax Regulatory Burdens,” follows up on an initial Treasury report, Notice 2017-38, which identified the eight projects as either imposing an undue burden on U.S. taxpayers or adding undue complexity to federal tax laws. The Treasury Department determined that none of the eight projects exceeded the statutory authority of the IRS.

For more information, see our latest Tax Flash.

Contact: Dave Auclair
National Managing Principal, Washington National Tax Office
T +1 202 521 1515

Shamik Trivedi
Senior Manager, Washington National Tax Office
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Liz Askey
Managing Director, Tax Practice Policy & Quality
T +1 202 521 1513

Andy Cordonnier
Partner, Washington National Tax Office
T +1 202 521 1502

Grace Kim
Principal, Partnership Tax Technical Leader
Washington National Tax Office
T +1 202 521 1590

David Sites
Partner, Washington National Tax Office
T +1 202 861 4104

Dustin Stamper
Director, Washington National Tax Office
T +1 202 861 4144

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