IRS Furloughs Could Crimp GOP Tax Law Guidance, Rules Rollout

Tax attorney Joshua Odintz was quoted in Bloomberg Tax discussing how the government shutdown could slow the rollout of regulations and guidance tied to the One Big Beautiful Bill Act, even though many Internal Revenue Service (IRS) employees are exempt from furloughs. With roughly 40,000 staff still working as the shutdown continues into its second week, the agency is grappling with broader strain. Mr. Odintz commented that despite the challenges, the U.S. Department of the Treasury and IRS will strive to push out guidance on the July tax law.

"I anticipate Treasury will continue to work on and release guidance listed on the priority guidance plan, such as no tax on overtime, no tax on tips, qualified production property and other priorities," he said.

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