Marc Gerson, Firm Chair and former tax counsel to the House Committee on Ways and Means, was quoted regarding anticipated guidance on tax reform from the U.S. Department of the Treasury and the Internal Revenue Service (IRS). "It is hoped this will complement and supplement the guidance that has already been issued to comprehensively address issues and items of concern raised by taxpayers," Gerson said. In the firm's annual Tax Policy Forecast Survey, co-produced with the National Foreign Trade Council, nearly three-fourths of tax executives surveyed indicated that they are looking for regulatory or other administrative guidance with respect to the 2017 Tax Cuts and Jobs Act; more than 60 percent believe technical corrections to the law itself are in order.