Resignation of Treasury Official Expected to Result in Guidance Delays

Treasury Deputy Assistant Secretary of Tax Policy Dana Trier stepped down from his position on February 23. Trier’s role focused on developing guidance on various aspects of the new tax reform law, including the partnership and international tax provisions. Practitioners have expressed concern that his departure will result in delays in issuing regulations, which could result in taxpayers taking positions on their tax returns without guidance. His departure may also result in more non-binding “subregulatory guidance” through notices, announcements and press releases. Although Trier is gone, he expressed confidence that there are other highly experienced people at the Treasury that can complete the guidance without him, albeit with some delays.

Read more: Treasury’s Guidance Job Made Harder by Tax Official’s Exit

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