Treasury in Final Sprint to Finish Tax Law Guidance (Corrected)

Treasury is nearing the end of a several years-long effort: writing regulations that put in place changes from the 2017 tax overhaul.

There are more than a dozen projects left to be released, but IRS officials—including IRS Chief Counsel Michael Desmond—have said in recent days that they are on track to largely finish by the end of this year.

Completing guidance tied to the tax law, known as the Tax Cuts and Jobs Act, is an important milestone. The rules left to be made final answer key questions stemming from the law’s changes, including a package ...