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Wednesday, May 3, 2006

NYSBA Tax Section Proposes Revisions to Circular 230

Nysba_logoThe New York State Bar Association Tax Section on Monday submitted a 36-page letter (No. 1108) to the Treasury Department and IRS with suggested revisions to Circular 230:

The Tax Section of the New York State Bar Association is writing this letter in response to a request from Donald Korb, Chief Counsel of the IRS, to review and revise Circular 230 as it applies to written advice.  Our members have now lived with the current version of Circular 230 for some time, and have to some extent digested its effect on day-to-day practices. This letter outlines our approach to revising Circular 230.

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