Outgoing IRS Chief Counsel Laments Increasingly Dense Tax Rules

IRS Chief Counsel Marjorie Rollinson, who plans to retire early next year, urged tax practitioners and private industry to work with the government to simplify the tax system.

“We’ve gotten to a place where the tax law is way too complicated, and what can we do to step back?” Rollinson, who was appointed by President Joe Biden, said Friday at a George Washington University tax conference panel.

Case in point: the proposed regulations package for the corporate alternative minimum tax, also known as CAMT.

“The CAMT reg is like 700 pages,” Rollinson said. “It is a difficult law, and ...