What’s the difference between the IRS’s taxonomy and the one the Trump administration is using?

The Tax Department has announced that the IRS will start using the Taxpayer Advocate (TPA) Taxpayer Bill of Rights (TBTOR) instead of the TPA (Taxpayer Advocate).It also wants to be clear about the taxonomy that it will use.“TBTORS taxonomy is a broad term encompassing all types of income and deductions,” reads a Treasury Department statement, […]