Marc Gerson, Firm Chair and former majority tax counsel to the House Committee on Ways and Means, commented on the technical corrections process and tax executives' desire for certainty regarding the Tax Cuts and Jobs Act (TCJA). "Folks are enthusiastic about the tax reform bill and the benefits to their business, but at the same time, there's a need for a lot more information, certainty and clarity about how the law applies to their businesses, so there really is an emphasis on looking for guidance from Treasury and the IRS," Gerson said. "I think that's where people are initially focusing their efforts to try to gain certainty. They're working the administrative guidance process, and if that process doesn't give them the certainty they're looking for, they'll be looking for technical corrections or other substantive legislation."