IRS Returns to Pre-2017 Tax Law Guidance, Official Says

The IRS has been consumed by a torrent of law changes triggered by the 2017 tax law, and then by the Covid-19 pandemic. Now, unless Congress passes more tax laws, the agency is focusing its efforts on long-standing issues outlined in its priority guidance plan.

It appears new laws are unlikely to de-prioritize previously launched projects, and the agency has returned to addressing them, Julie Hanlon-Bolton, IRS deputy associate chief counsel in the Income Tax and Accounting division, said Wednesday.

• Among other projects, there is a team of IRS and Treasury officials “actively working” on clarifying the business ...