Fourth quarter update to IRS 2022-2023 Priority Guidance Plan
Tax issues to be addressed through regulations, revenue rulings, revenue procedures, notices, and other published administrative guidance
Tax issues to be addressed
The U.S. Treasury Department and IRS on August 21, 2023, released the fourth quarter update [PDF 585 KB] to the 2022-2023 Priority Guidance Plan.
The Priority Guidance Plan is used each year to identify and prioritize tax issues to be addressed through regulations, revenue rulings, revenue procedures, notices, and other published administrative guidance.
The IRS and Treasury Department initially released the 2022-2023 Priority Guidance Plan [PDF 245 KB], which identifies priority guidance projects during the 12-month period from July 1, 2022, through June 30, 2023, on November 4, 2022. Read TaxNewsFlash
Direct pay election for IRA credits
The fourth quarter update reflects guidance projects that were published or released through June 30, 2023, which includes the proposed regulations providing guidance on the section 6417 direct pay election for “Inflation Reduction Act of 2022” (IRA) credits for exempt organizations. Read TaxNewsFlash
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