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Mnuchin: Tax Overhaul by August

By Amanda Wilson on Feb 23, 2017 in government, IRS, lowndes, Tax, tax reform, International

By:  Amanda Wilson Treasury Secretary Mnuchin stated that his goal is to have an overhaul of the Internal Revenue Code by August.  He recognized that this is an aggressive time table, and that reform may slip to later in the year.  We will have to...

White House: Tax Reform Coming in March

By Amanda Wilson on Feb 23, 2017 in government, irc, IRS, lowndes, Tax, tax reform, International

By:  Amanda Wilson The White House announced that President Trump's tax reform plan will be coming soon (around March 13th).  Stay tuned!

IRS Holding Off on Issuing Guidance

By Amanda Wilson on Feb 17, 2017 in IRS, regulations, treasury, Other, International

By: Amanda Wilson In response to President Trump's executive order requiring two regulations to be repealed for every new regulation issued and the regulatory freeze memorandum issued on Inauguration Day, an IRS official has stated that the IRS is...

Do Tax Regs Have an Out From the New 2-1 Rule?

By Amanda Wilson on Feb 10, 2017 in audit, IRS, lowndes, Partnership Tax, regulations, taxing times, treasury, International

By:  Amanda Wilson As I previously discussed (here), President Trump issued an Executive Order requiring government agencies to identify two regulations for repeal for every new regulation that they wish to issue.  The initial reaction of this...