Washington -- The Treasury Department has unveiled its priority guidance plan for 2004-2005, an agenda that outlines nearly 300 projects for Treasury and the Internal Revenue Service to complete through June 2005.
The plan will be updated on a quarterly basis over the course of the year. Guidance over the ensuing year also will address two frequently disputed general tax issues under its Industry Issue Resolution Program.
Among the topics on the 276-item agenda are guidance in the areas of: consolidated returns, employee benefits, exempt organizations, general tax issues, gifts estates and trusts, insurance companies and products, international issues and transfer pricing.
In a joint statement, IRS Commissioner Mark Everson, IRS chief counsel Donald Korb, and Treasury acting Assistant Secretary for Tax Policy Gregory Jenner, encouraged taxpayers and practitioners to send in comments and suggestions as guidance is issued throughout the year.
