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Federal Tax

IRS Publishes 2022-2023 Priority Guidance Plan

Thomson Reuters Tax & Accounting  

Thomson Reuters Tax & Accounting  

The IRS has released its 2022-2023 Priority Guidance Plan. The Priority Guidance Plan highlights guidance items that are most important for taxpayers and tax administration for the 2022-2023 fiscal year.

The 2022-2023 Priority Guidance Plan contains 205 guidance projects that are priorities for allocating Treasury Department and IRS resources during the 12-month period from July 1, 2022, through June 30, 2023. “The projects on the plan will be the focus of our efforts during the plan year. However, the plan does not provide any deadline for completing the projects,” the agencies said.

The latest annual plan contains a tad more than 60 new items. Of special note to practitioners is the following, which appears in the tax administration category: “Regulations under 31 U.S.C. §330 governing practice before the Internal Revenue Service.”

Projects that were not on the previous annual list appear under the following categories: consolidated returns; corporations and their shareholders; employee benefits; excise taxes; exempt organizations; general tax issues; gifts and estates and trusts; insurance companies and products; international; partnerships; tax accounting; tax administration; and tax-exempt bonds.

There is a project category for “energy security,” which did not appear in the last annual list. Most of those items pertain to the Inflation Reduction Act.


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