Jorge Castro, Founder & Principal, Castro Strategies, LLC, presented on a webcast sponsored by the American Law Institute Continuing Legal Education. Entitled “A Look Ahead: The IRS in An Era of Tax Reform,” the webcast focused on possible changes to the existing structure of the IRS, enforcement actions, and regulations. Castro examined potential IRS reform measures impacting businesses, tax-exempt entities, and individuals in the context of current efforts by the Trump Administration and Congress to enact comprehensive tax reform.
Jorge Castro, Founder & Principal, Castro Strategies, LLC, moderated a panel entitled “A New IRS and the Tax-Exempt Sector” at the 2017 Alliance for Charitable Reform Summit. The panel examined the House Tax Reform Blueprint and the proposals to restructure the IRS. The panel discussed the impact of IRS reform measures on the tax-exempt sector, including key policy issues for the sector to consider in the current tax reform debate.
A new executive order allowing public input into how federal agencies should be restructured could result in a flood of comments tilted in the direction of private companies’ self interests, former IRS officials warned.
The order signed March 13 by President Donald Trump directs Office of Management and Budget Director Mick Mulvaney to submit a plan to reorganize all executive branch departments and agencies. As part of the plan-making process, he will solicit comments from the public and consider when agency functions are better left to the private sector.
“There are certainly businesses that would have a private self-interest to comment on areas where they think they could do a better job than the government,” said Jorge Castro, founder of Castro Strategies LLC and a former Internal Revenue Service official and congressional tax counsel.
By Allyson Versprille