IRS

IRS Notice: Comments Submitted on Priority Guidance Plan for 2020-21

  “Eleven public comments released July 24 on 2020-21 Priority Guidance Plan in response to Notice 2020-47. The comments focus on solar energy, taxation of financial instruments regarding higher education, and the research credit, among others. [Comments from H&R Block, Leading Builders of America, Eden Renewables, AlliangGroup, American Bankers Association, BlueWave, Equinor, ABA Tax Section,” … [Read more…]

Notice 2020-47: Recommendations for guidance items for 2020-2021 Priority Guidance Plan

  “The IRS today released an advance version of Notice 2020-47 that invites recommendations for items to be included on the 2020 2021 Priority Guidance Plan. Read Notice 2020-47 [PDF 46 KB] The Priority Guidance Plan is used by the IRS and Treasury Department each year to identify and prioritize tax issues to be addressed … [Read more…]