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It's Official!

Now that the paper has settled in Congress, find out which tax code reforms made the cut.

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This story appears in the November 1998 issue of Entrepreneur. Subscribe »

The introduction of lengthy tax packages is becoming an annual event in Washington, DC, and 1998 is no exception. This year, lawmakers passed the IRS Restructuring and Reform Act of 1998, which makes some long-overdue improvements in IRS policies and procedures and adds a host of other changes to an already bulging tax code.

The IRS-overhaul portion of the act stems from the work of a special congressional commission that studied the agency's need to restructure and from Senate Committee on Finance hearings held last fall that publicized numerous abuses taxpayers suffered under the strong arm of the IRS.

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