The Internal Revenue Service has issued its 2011-2012 Priority Guidance Plan, listing the areas in the tax regulations where it plans to provide guidance in the year ahead.
The plan was issued after soliciting suggestions from tax practitioners, taxpayers and other groups. The 2011–2012 Priority Guidance Plan contains 317 projects that are priorities for the allocation of resources of the IRS’s offices during the 12-month period from July 2011 through June 2012. The plan represents projects that the IRS intends to work on actively throughout the plan year, but does not place any deadline on the completion of those projects.
Projects on the 2011-2012 plan will provide guidance on a variety of issues that are important to individuals and businesses, including international taxation, health care, and implementation of legislative changes.
The IRS intends to update and republish the 2011-2012 plan during the plan year to reflect additional items that have become priorities and guidance that the service has published during the plan year, allowing the IRS to consider comments received from taxpayers and tax practitioners relating to additional projects and to respond to developments that arise during the plan year.
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