Deregulation, GOP Tax Law Is Focus of Trump’s IRS Priorities (2)

The Trump administration’s list of regulatory priorities for the IRS reflects its efforts to downsize the agency, with fewer than half as many projects compared with the previous year’s list and a sizable chunk focused on deregulation.

A major focus of the IRS priority guidance plan is issuing guidance to implement Republicans’ sweeping tax-and-spending law, as well as addressing digital assets and implementing the SECURE 2.0 retirement law.

“Almost everything on here is quite meaty and will take lot of effort,” said Rochelle Hodes, a principal at Crowe LLP.

Rules on changes made to extend the pass-through business deduction under ...