Internal Revenue Service Restructuring and Reform Act of 1998

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Internal Revenue Service Restructuring and Reform Act of 1998

The legislation targeted at IRS reform, particularly related to the time period required for capital gains and taxpayer protection and rights.

Internal Revenue Service Restructuring and Reform Act of 1998

Legislation in the United States that amended the Internal Revenue Code of 1986 in a variety of ways. Among its major provisions were the institution of tax deductions for interest on some student loans and the exclusion of individuals who do not provide their tax identification numbers from the earned income tax credit. It also provided a five year term for the Commissioner of Internal Revenue.
References in periodicals archive ?
A major part of the Internal Revenue Service Restructuring and Reform Act of 1998 focused on new collection due process rights.
GUST refers to the following: The Uruguay Round Agreements Act; the Uniformed Services Employment and Reemployment Rights Act of 1994; the Small Business Job Protection Act of 1996; the Taxpayer Relief Act of 1997; the Internal Revenue Service Restructuring and Reform Act of 1998 and the Community Renewal Tax Relief Act of 2000.
See Staff of the Joint Committee on Taxation, Study of Present-Law Taxpayer Confidentiality and Disclosure Provisions as Required by Section 3802 of the Internal Revenue Service Restructuring and Reform Act of 1998 (Volume II) at 85 n.
On July 22 President Clinton signed into law the Internal Revenue Service Restructuring and Reform Act of 1998, the most significant reform of the IRS to be passed in more than four decades.
BRT's updated version provides new material reflecting the Internal Revenue Service Restructuring and Reform Act of 1998, including new information on provisions regarding estate and gift taxes, capital gains taxes and savings incentives.
When the program was expanded by the Internal Revenue Service Restructuring and Reform Act of 1998, the AICPA again showed support.
On behalf of Tax Executives Institute, I am writing to urge a clarification of the interest netting rules, which were adopted as part of the Internal Revenue Service Restructuring and Reform Act of 1998, Pub.
The recently enacted Internal Revenue Service Restructuring and Reform Act of 1998 includes a provision creating a confidentiality privilege between clients and the CPAs who represent them in noncriminal federal tax matters (see JofA, Sept.
6015(b) and (c) was added to the Code by the Internal Revenue Service Restructuring and Reform Act of 1998 (IRSRRA).
Department of the Treasury, The Problem of Corporate Tax Shelters: Discussion, Analysis, and Legislative Proposals (July 1999); Staff of the Joint Committee on Taxation, Study of Present-Law Penalty and Interest Provisions as Required by Section 3801 of the Internal Revenue Service Restructuring and Reform Act of 1998 (Including Provisions Relating to Corporate Tax Shelters) (JCS-3-99) (July 22, 1999) (hereinafter cited as the "Joint Committee Study"); Office of Tax Policy, U.
The landmark Internal Revenue Service Restructuring and Reform Act of 1998, which President Clinton signed into law on July 22, 1998, includes a provision that creates a confidentiality privilege between clients and the CPAs who represent them before the IRS in most matters.
It was initiated as part of the Internal Revenue Service Restructuring and Reform Act of 1998, which mandated that the IRS find ways of delivering services to taxpayers at much higher levels than in the past.
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