On July 1, President Trump signed the IRS reform bill, the Taxpayer First Act. The Act changes the management and oversight of IRS with the aim of improving customer service and the process for assisting taxpayers with appeals; modifies IRS’s organization; and provides some new safeguards to taxpayers in their interactions with IRS.
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IRS Temporarily Modifies Tax-Exempt Bond Reissuance and Retirement Rules
In a Notice, the IRS has temporarily expanded the circumstances and time periods in which a tax-exempt bond that is …
Proposed Penalty Assessment is not “Initial Determination”
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Subset of Companies Get Deferral on New FASB Rules for Credit Losses, Hedging, Lease, Insurance Rules
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