IRS Planning About 100 More Guidance Items for 2017 Tax Law

The IRS plans to release about 100 additional guidance items implementing the 2017 tax law, according to IRS Chief Counsel Michael Desmond.

“But I do expect that number to grow,” Desmond said Dec. 19 at an annual conference sponsored by George Washington Law School, the IRS, and Treasury Department in Washington.

• As evidenced with past guidance on the tax law, projects sometimes “fork” as the IRS gets feedback and new issues arise, Desmond said.
• The IRS has recently issued several high-priority tax law regulations, including proposed rules implementing a tighter limit on deductions public companies get for compensation paid to ...