The Office of the Tax Legislative Counsel (TLC) develops and reviews policy, legislation, regulations, revenue rulings, revenue procedures, and other published guidance dealing with all aspects of domestic federal income tax law other than employee benefits taxation matters handled by the Office of the Benefits Tax Counsel.
TLC is responsible for advising the Assistant Secretary (Tax Policy) and other Treasury officials in connection with the formulation of the Administration's domestic taxation policy, for formulating, analyzing, and reviewing domestic taxation legislation, and for preparing the Administration’s testimony on such legislation. TLC advise congressional staff in drafting legislation and in documenting the legislative history of domestic tax legislation.
In consultation with IRS, TLC is responsible for review of all Treasury regulations and IRS revenue rulings, revenue procedures, and other published guidance relating to domestic tax issues. Such regulations and rulings play a crucial role in the development of tax policy and implementation of tax law.