New Notice Requests Recommendations for the IRS and Treasury 2018-2019 Priority Guidance
Notice 2018-43 was released by the IRS, asking taxpayers for recommendations on the 2018-2019 Priority Guidance Plan. The Priority Guidance Plan is used each year by the Treasury and IRS to identify and prioritize what tax issues to prioritize and address through guidance such as regulations, rulings, procedures and notices. According to the Notice, there has been focus on the implementation of the new tax law since its enactment. The Treasury and IRS expect to continue such focus through this year and throughout the future 2018-2019 plan. They will prioritize suggestions that would resolve significant issues, reduce controversy, involve outdated or unnecessary regulations, and allow for taxpayers to understand and apply such guidance. For inclusion in the original 2018-2019 plan, recommendations must be submitted by June 15, 2018. However, the plan will be updated periodically, giving taxpayers the opportunity to submit recommendations any time during the year.
Read the Notice Here