Your Tax Section Supporting the Profession
The Tax Section held its May Tax Meeting in Washington, DC, on May 9-11. Fortunately, unlike the January meeting in New Orleans during the government shutdown, IRS and Treasury representatives were able to attend the May meeting and shared their perspectives on recent developments. Similar to recent meetings, various panels addressed guidance relating to the 2017 Tax Act, such as additional proposed regulations regarding qualified opportunity funds and international tax guidance.
The featured speaker at the plenary session on Saturday, May 11, was IRS Commissioner Charles P. Rettig. Chuck has served in various roles in the Tax Section, including most recently Vice Chair for Administration. He was previously a Council Director, Chair of the Civil and Criminal Tax Penalties Committee, and for a number of years Co-Chair of the Tax Section’s annual Criminal Tax Fraud Conference. In his plenary session speech before an audience of approximately 300 people, he stressed his efforts to rebuild the morale and staffing at the IRS. He announced that the IRS is now hiring to rebuild its ranks after years of attrition...
Read More at ABA Tax Times
Eric Solomon
Chair, ABA Section of Taxation