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.
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References in periodicals archive ?
The IRS Restructuring and Reform Act of 1998 includes a number of positive provisions designed to encourage more tax professionals and taxpayers to utilize electronic filing.
Testimony of Roger Harris
The IRS has issued proposed regulations, in question-and-answer format, offering guidance on the new Roth individual retirement account (IRA), established by the Taxpayer Relief Act of 1997 and modified by the IRS Restructuring and Reform Act of 1998.
Practical Advice on Current Issues
Glennie stated, "during a time of great challenge for the IRS, a time when Congress was considering the IRS Restructuring and Reform Act of 1998." Calling him a "businessman and visionary," Mr.
Dividend tax exclusion, provision of tax services, LMSB initiatives top items discussed at TEI's midyear conference: former IRS Commissioner Rossotti honored
The IRS Restructuring and Reform Act of 1998 created IRC section 7123(b)(2).
The arbitration alternative
Some of the above projects may be pushed back to the 1999 business plan, but the last three items have high priority, under the IRS Restructuring and Reform Act of 1998.
News Notes
Section 8001 of the IRS Restructuring and Reform Act of 1998 addressed the situation by allowing the IRS to treat the issuer of tax-exempt bonds as the taxpayer for purposes of audit and consideration by Appeals.
Tax departments should be prepared for audits of tax-exempt bonds
Keeping good tax records has always been important, but the IRS Restructuring and Reform Act of 1998 made it even more so.
Shifting the burden of proof
Employees will be able to reduce employees' salaries to pay for transit passes and van pooling benefits under the IRS Restructuring and Reform Act of 1998 (IRSRRA '98).
Current developments
* Section 1203 of the IRS Restructuring and Reform Act of 1998 requires the Commissioner of Internal Revenue to terminate an employee for certain specifically enumerated violations committed by the employee in connection with the performance of the employee's official duties.
Tax Executives Institute--U.S. Department of Treasury Office of Tax Policy liaison meeting: February 25, 2003
Having the reputation of an innovative and effective administrator, Oveson expects to play a major role on the management team that will push for modernization and customer service improvements at the IRS in accordance with the provisions of the IRS Restructuring and Reform Act of 1998.
Task force makes GST proposal
The IRS Restructuring and Reform Act of 1998 (IRSRRA) provides major protection to corporations using commercial tax software.
New law prohibits IRS summons of tax software and source code
The IRS Restructuring and Reform Act of 1998 established the Office of the Taxpayer Advocate as an independent entity within the IRS.
Comments on operation of Taxpayer Advocate's office: March 27, 2002
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