As reported by Reuters, Treasury Secretary Steve Mnuchin has said that a proposed middle-class tax cut that President Trump floated just ahead of the recent November elections is not a focus of the administration’s efforts on taxes. Instead, Mnuchin said that the administration would focus its efforts on fixing issues with the 2017 tax reform law, the Tax Cuts and Jobs Act (TCJA, P.L. 115-97, 12/22/2017).
More answers
IRS whistleblower notifications under Taxpayer First Act
Background. IRS has the authority to reward individuals (whistleblowers) who provide it with information leading to the collection of tax, interest …
IRS extends relief period for IRA payments to State unclaimed property funds
Notice 2018-90, 2018-49 IRB In a Notice, IRS has extended the period with respect to which a party that makes …
Official inflation-adjusted tax rate schedule and other tax figures for 2019
Rev Proc 2018-57, 2018-49 IRB, IR 2018-222, 11/15/2018 IRS has issued official inflation-adjusted tax rate schedules and other key tax figures …