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In October, Tax Executives Institute voiced its strong objection to a proposal that could significantly delay the issuance of tax rulings and regulations by the Internal Revenue Service. H.R. 1882 would amend the Regulatory Flexibility Act to require the IRS and other agencies that promulgate rules of general applicability to delay release of the rules until the agency had certified that the final rule reduced significant economic effects on small businesses to the maximum extent possible.
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