Business taxpayers in the US are being encouraged by the Internal Revenue Service to submit tax issues they believe could be resolved more efficiently with new or improved guidance under the ‘Industry Issue Resolution Program’, the agency announced last Thursday.
Under the IIR Program, taxpayers, industry associations, and other interested parties submit business tax issues for possible resolution through published or administrative guidance. For each issue selected, an IIR team of IRS and Treasury personnel gathers relevant facts from taxpayers or other interested parties and recommends guidance to resolve the issue.
IRS will review submissions semi-annually, after March 31 and August 31 of each year. All requests received by March 31, 2004, will be considered for IIR project selections that are expected to be included in the 2004-2005 Treasury and IRS Guidance Priority List.
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