Marc Gerson Comments on the Coronavirus Pandemic's Impact on Tax Policy Work in Tax Notes
"Wrapping Up 2020: Tax Practitioners Weather the Coronavirus Pandemic"
Marc Gerson, former majority tax counsel to the U.S. House of Representatives Committee on Ways and Means, commented on the impact of the coronavirus pandemic, and a move to remote work, on tax practitioners. "The congressional staff, Treasury, and the IRS have been unbelievably accommodating," Gerson said, adding that the efforts of government officials to make themselves available and solicit feedback and ideas were commendable, and that the focus on the practical issue of implementation of the Families First Coronavirus Response Act (Families First Act) and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was the right approach for the government to take. Gerson said he expects the transition back to in-person meetings to be long for both tax policy discussions with congressional staff and bar association conferences. Clients who are based outside Washington, DC might be more likely in the future to consider virtual meetings because of budgetary constraints and the now nearly universal experience of widespread virtual communication, he added.