Tax Advisors would never know what was hidden in these regulations unless you conduct extensive research which we did for our members in 2018. We will be providing our twenty-five hours of research with links to the Code of Federal Regulations to our members. How did these proposed elimination of 298 IRS Regulations affect your tax clients?
Based on a preliminary review in 2018, these proposals may have affected on a wide range of our member’s clients. These proposals deserve your attention and review!
Please comment on the proposals made to eliminate IRS Regulations in 2018. Do you know if they were implemented?
Pursuant to President Trumps Executive Orders 13777 and 13789, the Treasury Department and the IRS conducted a review of existing regulations with the goal of reducing regulatory burden for taxpayers by revoking or revising tax regulations that meet the criteria set forth in President Trumps Executive Orders.
This Notice of Proposed Rulemaking proposes to streamline IRS Regulations by removing 298 IRS Regulations that are no longer necessary because they do not have current or future applicability under the Internal Revenue Code and by amending 79 IRS Regulations to reflect the proposed removal of the 298 IRS Regulations. The proposed removal and amendment of these IRS Regulations may affect various categories of taxpayers.
Then please make a comment below on these regulations today.
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