The Internal Revenue Service is urging business taxpayers to submit tax issues under the Industry Issue Resolution program (IIR), a scheme which allows businesses to lodge complaints relating to uncertain, frequently disputed or complex tax treatment.
The principle objective of the IIR program is the drafting of new and improved guidance in response to the issues raised by businesses, associations and other interested parties . Submissions by representatives of both small and large business taxpayers have resulted in tax guidance affecting many taxpayers.
A recent measure which has come about as a result of the IIR program is the addition of a new Schedule D (Form 941), making it easier for taxpayers to provide the IRS with information about employment tax discrepancies created by an acquisition, statutory merger or consolidation.
Another outcome of the IIR was new guidance that provides clarification on when insurance companies making incentive payments to health care providers will be permitted to deduct those payments.
The IRS reviews submissions semi-annually, after March 31 and August 31 of each year.
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