Following a year of regulatory rollback, the Department of Treasury is expecting to issue regulatory guidance during the second quarter 2018 to implement:
- 29 projects, including those priorities resulting from the Tax Cuts and Jobs Act legislation enacted on December 22, 2017
- Guidance published (or released) during the period from October 13, 2017 through December 31, 2017.
These projects are expected to provide helpful guidance to taxpayers on a variety of tax issues important to individuals and businesses in the form of: (1) revocations of final, temporary, or proposed regulations; (2) notices, revenue rulings, and revenue procedures; (3) simplifying and burden reducing amendments to existing regulations; (4) proposed regulations; or (5) final regulations adopting proposed regulations.
So stay tuned--should be a busy quarter on the regulatory front.
Learn more at Department of Treasury Joint Statement
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