IRS TE/GE 2024 program letter
TE/GE priorities for the fiscal year
TE/GE priorities for the fiscal year
The IRS Tax Exempt and Government Entities (TE/GE) division today released a fiscal year 2024 “program letter” that sets out the TE/GE priorities for the fiscal year.
Read the Fiscal Year (FY) 2024 Program Letter [PDF 377 KB] (alternatively called a “work plan” or “priority letter” in past years)
According to today’s IRS release, the fiscal year 2024 compliance program and priorities align with the objectives of the IRS Strategic Operating Plan (SOP):
- Service (better taxpayer experience)
- Issue resolution (faster issue resolution)
- Enforcement (smarter enforcement)
- Modernization (advanced technology and analytics)
- Workforce (empowered employees)
More specifically, TE/GE indicated that in the coming fiscal year, the IRS will more readily understand and address the overlap between high-income and high-wealth individuals, exempt organizations, estate and gift tax as TE/GE continues to collaborate on examinations with other divisions. The letter noted that a part of the “smarter enforcement” priority would be collaboration across the IRS on highly complex and or emerging issues including, but not limited to, tax exempt hospitals and high income/high wealth individuals. Also, as part of the “service” priority TE/GE indicated it will provide education and outreach to help TE/GE stakeholders make complete and accurate elective payment elections for clean energy credits under the “Inflation Reduction Act.”
For more information, contact your usual KPMG tax professional or one of the following Washington National Tax professionals:
Ruth Madrigal | ruthmadrigal@kpmg.com
Preston Quesenberry | pquesenberry@kpmg.com
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