Tax News

CCH (cch.taxgroup.com) reports:

  The IRS is inviting the public to suggest tax issues that need clarification to be considered for inclusion on the 2009 --2010 Guidance Priority List. This list will indicate the guidance that the Treasury Department and the IRS intend to issue from July 1, 2009, through June 30, 2010. Recommendations can be submitted at any time; however, only those submitted by May 31, 2009, will be considered for inclusion in the original 2009-2010 Guidance Priority List.

  Recommendations need not be in any particular format but should briefly describe the recommended guidance and explain the need for it. An analysis of how the issue should be resolved may also be included. In reviewing recommendations and selecting projects for inclusion on the list, the Treasury and the IRS will consider whether the recommended guidance would resolve significant issues relevant to many taxpayers, promote sound tax administration, reduce controversy and lessen burdens on taxpayers or the IRS, whether it can be drafted in a way that will be easy for taxpayers to understand and apply and whether it can be uniformly administered by the IRS.

Notice 2009-43, 2009FED ¶46,359

Other References:

 
Code Sec. 7805

  CCH Reference - 2009FED ¶43,282.119

  Tax Research Consultant

  CCH Reference - TRC IRS: 12,350