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ARTICLE · 16 OCTOBER 1998

IRS Reform Act Signed

Sutherland Asbill & Brennan LLP
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United StatesAccounting and Audit

On July 22, 1998, President Clinton signed into law the "Internal Revenue Service Restructuring and Reform Act" ("the Act"). In addition to imposing the most comprehensive reorganization of the IRS and its oversight since 1952, the Act provides numerous procedural reforms intended to enhance taxpayer protections. These address interest and penalties, audit and collection activities, and required IRS disclosures to the taxpayer. The Act provides for the creation of nine-member oversight board, the position of National Taxpayer Advocate, and a five-year term for the IRS Commissioner. Notably, the Act also addresses burden of proof requirements and expands somewhat the tax advisor-client privilege of confidentiality in noncriminal tax matters.

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