IRS Invites Input on 2014-2015 Priority List

The IRS sets priority guidance plans each year and updates them on a quarterly basis. The IRS uses the priority guidance plan each year to identify and prioritize the tax issues that should be addressed through regulations, revenue rulings, revenue procedures, notices, and other published administrative guidance. The 2014-2015 Priority Guidance Plan will identify guidance projects that the IRS intends to work on actively as priorities during the period from July 1, 2014, through June 30, 2015.

In reviewing recommendations and selecting projects for inclusion on the 2014-2015 Priority Guidance Plan, the IRS will consider the following: (1) whether the recommended guidance resolves significant issues relevant to many taxpayers; (2) whether the recommended guidance promotes sound tax administration; (3) whether the recommended guidance can be drafted in a manner that will enable taxpayers to easily understand and apply the guidance; (4) whether the recommended guidance involves regulations that are outmoded, ineffective, insufficient, or excessively burdensome and that should be modified, streamlined, expanded, or repealed; (5) whether the Service can administer the recommended guidance on a uniform basis; and (6) whether the recommended guidance reduces controversy and lessens the burden on taxpayers or the IRS.

Comments are due to the IRS and Treasury by May 1, 2014. You can submit comments electronically via the Federal eRulemaking Portal at www.regulations.gov. Type IRS-2014-0011 in the search field on the homepage to find this notice and submit comments.