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Marc Gerson Comments on Potential Technical Corrections Bill for Tax Reform in Bloomberg BNA

Subtitle
"Partnerships Plan for Tax Audit Regime Without 'Corrections'"

Bloomberg BNA

Marc Gerson, Chair of Miller & Chevalier, commented on the likelihood of a technical corrections bill being included in the tax reform bill. "There is a legitimate chance that a technical corrections bill may be included in tax reform," Gerson said, noting that it could come up when the bill is introduced or be added as an amendment during the markup process. Technical corrections bills are revenue neutral because the impact of the change has already been included in the JCT's score of the original legislation, Gerson said, which is helpful because it means revenue concerns won't hold the package back.