IRS Restructuring and Reform Act of 1998

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IRS Restructuring and Reform Act of 1998

Legislation in the United States that made a number of changes to the Internal Revenue Code. Among other provisions, it lowered the length of time to hold an investment for capital gains treatment from 18 to 12 months. It also mandated a five-year term for the Commissioner of the IRS.
References in periodicals archive ?
gov/tigta) was established under the IRS Restructuring and Reform Act of 1998 to provide independent oversight of Service activities.
How can the IRS ensure the independence of Appeals (as mandated by IRS Restructuring and Reform Act of 1998) while intimating that valuation disputes--which are inherently factual--can be resolved in a formulary, cookie-cutter manner?
8, 2003 updates the procedures for submitting and processing OICs, reflecting tax law changes made by the 1998 IRS Restructuring and Reform Act (P.
Galvanized by a 1997 report by the National Commission on Restructuring the IRS titled A Vision for a New IRS, Congress passed the IRS Restructuring and Reform Act of 1998 (RRA).
Designed to assist in IRS dispute matters, the book covers the IRS Restructuring and Reform Act of 1998, Taxpayer Bill of Rights issues, and new procedures, such as the separate liability election for innocent spouses arid due process collection hearings.
The National Society of Accountants is pleased to testify before the Ways and Means Subcommittee on Oversight and offers this statement concerning the IRS Restructuring and Reform Act of 1998, the 1999 tax filing season, and the Fiscal Year 2000 Budget for the Internal Revenue Service.
It would have conformed a lot of the really neat (federal) tax changes featured in the IRS Restructuring and Reform Act of 1998 that we don't get for California,'' said David Flamer, a Woodland Hills CPA and taxation committee member of the California Society of CPAs.
Val Oveson, the first National Taxpayer Advocate appointed by the Treasury Secretary under the IRS Restructuring and Reform Act of 98, has joined the professional services firm of PricewaterhouseCoopers.
Hence, TEI said, the announcement threatens to fundamentally change the balance between Examination, Appeals, and taxpayers and to deprive taxpayers of a right conferred by Congress in the IRS Restructuring and Reform Act of 1998.
In a number of decisions last year, the Tax Court explained its expanded ability to review requests for innocent spouse relief under IRC section 6015, which was enacted by section 3201 of the IRS Restructuring and Reform Act of 1998 and amended by section 4002(c) of the Tax and Trade Relief Extension Act of 1998.
l(h) lookthrough provisions, which were added by the Taxpayer Relief Act of 1997, Section 311 (a), and amended by the IRS Restructuring and Reform Act of 1998, Section 5001(a) (1).
AB 1016 is a simple bill that conforms California law to the changes made in federal law when Congress passed the 1998 IRS Restructuring and Reform Act.