House Ways and Means Holds Hearing on Post Tax Reform Evaluation of Recently Expired Tax Provisions

House Ways and Means Holds Hearing on Post Tax Reform Evaluation of Recently Expired Tax Provisions: Today the House Ways and Means Tax Policy Subcommittee held a hearing entitled “Post Tax Reform Evaluation of Recently Expired Tax Provisions.” Subcommittee Chairman Vern Buchanan (R-FL) delivered the opening statement, stating “[t]oday we take an important step in that process by beginning an evaluation of the set of provisions which have been renewed so frequently that they are most often called ‘tax extenders.’” Buchanan further stated “[n]ow is the time to examine each of these provisions one-by-one to determine whether and how they fit into the new tax code.” Four panels of witnesses testified about the expired tax provisions and their role in the new tax code. The testimony of each of the panelists can be found here.

Miscellaneous Guidance:
Revenue Procedure 2018-19 changes one user fee set forth in Appendix A of Revenue Procedure 2018-4, Schedule of User Fees, with respect to applications on Form 5310, Application for Determination for Terminating Plan. That user fee is reduced from $3,000 to $2,300, effective January 2, 2018. Applicants who paid the $3,000 user fee listed in Revenue Procedure 2018-4 will receive a refund of $700.