Prof. Hickman Quoted in Tax Notes on Implications of Presidential Transition for Tax Regs

Professor Kristin Hickman was quoted in an article in Tax Notes, Biden's Coming Reg Freeze Raises Novel Issues for Tax Regs, regarding the implications of the presidential transition for tax regulations.  In addition to a pending freeze on new regulations that is anticipated, the article also addressed Treasury Department efforts to claim good cause for avoiding a Congressional Review Act requirement that regulations be submitted to Congress sixty days before their effective date.  Professor Hickman was quoted at length regarding the requirements for establishing good cause and the courts' potential reaction to Treasury's claims.  Professor Hickman was also quoted regarding the distinction between effective dates and applicability dates for tax regulations and as expressing hope that the regulation freeze will not last long for many tax regulations.