Roger Russell is senior editor for tax with Accounting Today, and a tax attorney and a legal and accounting journalist with expertise across a wide spectrum of tax, legal and accounting issues. He has written and co-authored articles in tax journals and newsletters, and has contributed to prominent tax research services.
For Carl J. Marinello II, the omnibus clause, or “uber” clause, in Code section 7212(a) had the effect of turning his failures to file tax returns over a period of years from misdemeanors into a felony.
The tax reform bills passed by the House, and soon to be passed by the Senate, have many similarities. And you can count on measures that are the same in both bills to end up in the final version to be signed by the President.