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ARTICLE · 15 SEPTEMBER 2011

IRS Releases Priority Guidance Plan For 2011-2012

McGuireWoods LLP
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On Sept. 2, 2011, the IRS released its Priority Guidance Plan for 2011-2012. The plan identifies and prioritizes the tax issues that the IRS intends to address through regulations, rulings, or other administrative guidance from July 1, 2011 through June 30, 2012.

United StatesTax
Michele McKinnon
Michele McKinnon
Milton Cerny
Milton Cerny
Kelly Hellmuth
Kelly Hellmuth

On Sept. 2, 2011, the IRS released its Priority Guidance Plan for 2011-2012. The plan identifies and prioritizes the tax issues that the IRS intends to address through regulations, rulings, or other administrative guidance from July 1, 2011 through June 30, 2012. Exempt organizations should be aware of these issues, as ones that the IRS may address during the coming year.

The Priority Guidance Plan lists the following issues for exempt organizations:

  1. Final regulations under §§170, 507, 509, 6033 & 6043 to implement Form 990 revisions and to modify the public support test. Temporary regulations were published on Sept. 9, 2008.

    • Published 9/8/11 as T.D. 9549.

  2. Revenue procedures updating grantor and contributor reliance criteria under §§170 and 509.

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