Bloomberg Tax

Built on the foundation of the Tax Management Portfolios™, Bloomberg Tax is a comprehensive tax research solution designed by tax practitioners for tax practitioners.


The 2017 tax reform act contains few provisions primarily addressing the IRS—but such reforms could come later in a separate bill. The 2016 House Republican plan would have divided the agency into three major units—one for individual tax issues, one for business issues, and an independent small claims court—but if that path is followed, important questions remain. Will there be IRS enforcement units (Examination and Collection)? What will happen to Chief Counsel and the Tax Court? Will there be a private letter ruling process? Will the IRS continue to regulate exempt organizations? Where does the Taxpayer Advocate Service fit in?

Receive timely updates via email on tax reform developments from the editors of the Daily Tax Report