Washington (April 11, 2002) -- The Industry Issue Resolution Program, a pilot program aimed at resolving contentious tax issues involving business, is being made permanent, Internal Revenue Service officials announced.
The program, which tackles industry-wide tax issues submitted by taxpayers, associations and other business groups representing large- and mid-sized companies, is also being expanded to accept tax issues raised by small businesses and the self-employed.
"This program moves the IRS and business taxpayers away from the case-by-case disputes towards solutions that will assist broad groups of business in meeting their tax obligations,’’ said IRS Commissioner Charles O. Rossotti.
The objective of the IIR program is to issue guidance for frequently disputed or burdensome issues. During a pilot program this past year, the IRS provided tax guidance on such matters as the use of demonstration vehicles by auto dealership employees, the bad debt conformity election for banks and the depreciation of certain golf course land improvements. Taxpayers can rely on the guidance, and both taxpayers and the IRS save the time and expense that would otherwise be expended in resolving the issues.
-- Electronic Accountant Newswire staff
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