Internal Revenue Service Restructuring And Reform Act Of 1998

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Definition: Internal Revenue Service Restructuring And Reform Act Of 1998

Internal Revenue Service Restructuring And Reform Act Of 1998
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Full Definition of Internal Revenue Service Restructuring And Reform Act Of 1998

Legislation passed during the Clinton administration that resulted in substantial structural changes in the Internal Revenue Service (IRS) and strengthened the protections afforded taxpayers. Among the notable changes, was the elimination of the 18-month holding period for the favorable capital gains rate.

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Internal Revenue Service Restructuring And Reform Act Of 1998. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 18, 2024 https://payrollheaven.com/define/internal-revenue-service-restructuring-and-reform-act-of-1998/.
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Internal Revenue Service Restructuring And Reform Act Of 1998. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/internal-revenue-service-restructuring-and-reform-act-of-1998/ (accessed: April 18, 2024).
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Internal Revenue Service Restructuring And Reform Act Of 1998. PayrollHeaven.com. Retrieved April 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/internal-revenue-service-restructuring-and-reform-act-of-1998/

Definition Sources

Definitions for Internal Revenue Service Restructuring And Reform Act Of 1998 are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.