Global Daily Tax News, US Seeks Input On Next Priority Guidance Plan, (Mar 15, 2024)

The US Treasury Department and the Internal Revenue Service have launched a consultation on items for inclusion in the 2024-25 Priority Guidance Plan.

The Treasury Department's Office of Tax Policy and the IRS use the Priority Guidance Plan each year to identify and prioritize the tax issues that should be addressed through regulations, revenue rulings, revenue procedures, notices, and other published administrative guidance.

The 2024-2025 Priority Guidance Plan will identify guidance projects that the Treasury Department and the IRS intend to actively work on as priorities during the period from July 1, 2024, through June 30, 2025.