Daily Tax Report ®

IRS Eliminating Nearly 300 Rules In Tax Simplification Effort (1)

March 12, 2019, 7:58 PMUpdated: March 12, 2019, 8:56 PM

The IRS is scrapping nearly 300 regulations that it says are effectively defunct, and it could look for more ways to trim the tax code.

The agency is eliminating 296 regulations from the tax code that “are no longer necessary because they do not have any current or future applicability under the Internal Revenue Code,” the agency said in final rules (T.D. 9849) set to be published in the Federal Register March 14. The IRS is also amending 79 regulations to reflect the scrapped rules.

The agency originally proposed (REG-132197-17) eliminating 298 rules last...

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