Second quarter update to IRS 2023-2024 Priority Guidance Plan

Type
:
Obligation
Tax Area
:
Corporate Income Tax
Status
:
Guidance
Qualification
:
Various
Implemented date
:
NA
Country
:
United States
Date added
20 Mar
,
2024
Docxster’s Summary

The IRS has released its second quarter update for 2023-2024, outlining its plans for the future. The update includes information on the IRS's 2023-2024 Priority Guidance Plan, which outlines the guidance projects that the IRS will prioritize over the next two years. The plan includes projects related to tax reform, international tax issues, and tax administration, among others.

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The U.S. Treasury Department and IRS released the second quarter update [PDF 271 KB] to the 2023-2024 Priority Guidance Plan.

The Priority Guidance Plan is used each year to identify and prioritize tax issues to be addressed through regulations, revenue rulings, revenue procedures, notices, and other published administrative guidance.

The IRS and Treasury Department in September 2023 released the 2023-2024 Priority Guidance Plan [PDF 272 KB], which identifies priority guidance projects during the 12-month period from July 1, 2023, through June 30, 2024. Read TaxNewsFlash

The second quarter update (dated March 18, 2024) reflects 39 guidance projects that have been published or released from October 1 through December 31, 2023. The update also includes 12 additional projects that were not on the initial plan.

 

 

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Source :
KPMG
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