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.
IRS's collection appeals program
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.
IRS grants AICPA request for extension of remedial amendment period. (regulatory matters)
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.
Safeguarding taxpayer confidentiality: pre-filing and competent authority agreements
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.
IRS reform a victory for taxpayers
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.
98.2 Version of Back Room Technician Includes New Tax Law Updates
When the program was expanded by the Internal Revenue Service Restructuring and Reform Act of 1998, the AICPA again showed support.
IRS and AICPA collaborate on OIC program
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.
TEI comments on clarification of interest netting rules
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.
New CPA-client privilege
6015(b) and (c) was added to the Code by the Internal Revenue Service Restructuring and Reform Act of 1998 (IRSRRA).
Adequate notice of innocent spouse rights
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.
Testimony on Interest and Penalty Provisions of the Internal Revenue Code, Including Those Relating to Corporate Tax Shelters Before the Senate Committee on Finance
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.
IRS Restructuring Act includes CPA/client privilege
Under the Internal Revenue Service Restructuring and Reform Act of 1998, an AMT exemption is available for qualifying small corporations.
Worth repeating: small corporations are exempt from AMT
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