The newly released 2006-2007 Internal Revenue Service Priority Guidance Plan, designed as the agency's own blueprint for its guidance projects during the coming year, ranges in scope from consolidated returns to tax-exempt bonds.The Guidance Plan contains 10 more projects than last year's plan, and includes projected rulings on corporations and shareholders, employee benefits, executive compensation, excise taxes, exempt organizations, estate and gift taxes, partnerships, S corporations, and international issues.

"It's an aggressive game plan," said Maplewood, N.J-based tax attorney and consultant Mary Howley. "Even though it contains numerous items that were rolled over from last year's guidance, there is a huge amount of new topics they're working on."

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