Internal Revenue Service Temporarily Holding Off on Issuing New Regulations
The Internal Revenue Service is temporarily holding off on issuing new rules while evaluating the impact of executive orders from President Trump.  It is anticipated that no new rulings will be forth coming until Treasury Secretary Steven Mnuchin sets up his tax team.  The executive order requires two regulations to be identified for elimination whenever any new regulation is proposed. The IRS anticipates continuing to issue routine updates such as for interest rates and mileage deduction allowances. Continue Reading