Trump's tax law creates new challenges for IRS
By Naomi Jagoda - 12/23/17 06:08 AM EST
The Republican tax bill is the law of the land — but for federal officials, the work is just beginning.
The Treasury Department and the IRS now have a mammoth task on their hands as they seek to turn the sweeping tax provisions passed by Congress into new rules and regulations.
The tax law, which President Trump signed on Friday, generally takes effect in January and includes significant changes to the tax code, including to deductions and pass-through income. Guidance from the IRS will be crucial in helping taxpayers and tax preparers navigate the changes.
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http://thehill.com/policy/finance/366252-trumps-tax-law-creates-new-challenges-for-irs
