Absent IRS Superfund Tax Guide, Lawyers Look To Withdrawn 1983 Proposal

July 29, 2022
As the first payments for the renewed Superfund tax fall due, many companies are still waiting for the Internal Revenue Service (IRS) to provide guidance on several key issues, prompting some attorneys to say it would be “reasonable” to look to a 1983 draft IRS rule, even though the measure was eventually withdrawn. “There are a lot of definitions in the [1983] proposed regulations, and in speaking with the IRS Chief Counsel, they made very clear that it’s not something...


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