Treasury Department And IRS Issue Priority Guidance Plan

On August 9, the U.S. Department of the Treasury and the Internal Revenue Service released their annual Priority Guidance Plan (the Plan) for the July 2013 to July 2014 fiscal year. The Plan lists 324 project priorities based on the suggestions of taxpayers, tax practitioners, and industry groups and is revised and republished throughout the fiscal year to reflect additional projects and guidance. Although listing on the Plan by no means guarantees that the project will be accomplished in the coming year, organizations should review the projects listed below as the Plan provides a helpful insight into the regulatory guidance that may soon be forthcoming.

Exempt Organization Projects