Overview
Bloomberg BNA’s Daily Report for Executives quoted Steptoe tax partner Mark Silverman in two articles.
On January 24, he was quoted in an article titled “Companies Seek Debt-Equity Help in Cloudy IRS Future.” Mr. Silverman says that the IRS went too far in writing the rules and in many cases, their wide reach isn't necessary. “The basis for these regs doesn't warrant all of this.”
On January 26, Mr. Silverman was quoted in an article titled “Trump's Regulatory Freeze: How Broad and for How Long?” Mr. Silverman tells Bloomberg BNA that one of the more critical questions about the recent moratorium is how long it lasts. He says it’s important that President Donald Trump's administration completes its review process “expeditiously” and the IRS gets back to issuing guidance. Taxpayers and tax preparers depend on that guidance for planning purposes, Mr. Silverman says.
The full articles can be read at Bloomberg BNA (subscription required).