IRS Invites Recommendations for 2024-2025 Priority Guidance Plan

The IRS has invited the public to submit recommendations for items to be included on the 2024-2025 Priority Guidance Plan. The IRS uses the PGP to identify and prioritize tax issues that need to be addressed through administrative guidance. (Notice 2024-28, 2024-13 IRB)

The 2024-2025 PGP will identify guidance projects that the IRS will actively work on as priorities during from July 1, 2024, through June 30, 2025 (the plan year). The IRS will consider the following criteria when reviewing recommendations and selecting projects for the PGP:

1. Whether the recommended guidance resolves significant issues relevant to a broad class of taxpayers,
2. Whether the recommended guidance reduces controversy and lessens the burden on taxpayers or the IRS,
3. Whether the recommended guidance relates to recently enacted legislation, such as the Inflation Reduction Act of 2022 (PL 117-169),
4. Whether the recommendation involves existing regulations or other guidance that is outdated, unnecessary, ineffective, insufficient, or unnecessarily burdensome and that should be modified, streamlined, expanded, replaced, or withdrawn,
5. Whether the recommended guidance promotes sound tax administration,
6. Whether the IRS can administer the recommended guidance on a uniform basis, and
7. Whether the recommended guidance can be drafted in a manner that will enable taxpayers to easily understand and apply the guidance.

To be included on the original 2024-2025 Priority Guidance Plan, interested individuals should submit their recommendations for the PGP by May 31, 2024.

All recommendations should briefly describe the recommended guidance and explain why the guidance is needed. An analysis of how the issue should be resolved can also be included. Recommendations to modify, streamline, or withdraw existing regulations or other guidance should explain how the changes would reduce taxpayer cost and/or burden or benefit tax administration.

The IRS prefers that taxpayers to submit guidance plan recommendations electronically via the Federal eRulemaking Portal at www.regulations.gov (type IRS-2024-0009 in the search field on the regulations.gov homepage to submit recommendations).