Tax practitioners are anticipating big changes in IRS enforcement priorities when the new administration takes over in January but also foresee an extension of most of the provisions in the 2017 GOP tax law.
Congress and industry groups are gearing up for negotiations around which expiring provisions to keep in the 2017 law that cut taxes for corporations, partnerships, estates, and individuals. And Republicans have signaled they plan to repeal or roll back some of the energy tax credits in the Democrats’ 2022 tax-and-climate law, setting the stage for a massive tax policy debate deep into 2025.
President-elect Donald Trump’s ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.