IRS Returns to Pre-2017 Tax Law Guidance, Official Says - Bloomberg Tax

The IRS has been consumed by a torrent of law changes triggered by the 2017 tax law, and then by the Covid-19 pandemic. Now, unless Congress passes more tax laws, the agency is focusing its efforts on long-standing issues outlined in its priority guidance plan.

It appears new laws are unlikely to de-prioritize previously launched projects, and the agency has returned to addressing them, Julie Hanlon-Bolton, IRS deputy associate chief counsel in the Income Tax and Accounting division, said Wednesday.

• Among other projects, there is a team of IRS and Treasury officials “actively working” on clarifying the business ...

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source: https://news.bloombergtax.com/daily-tax-report/irs-returns-to-pre-2017-tax-law-guidance-official-says

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