On Oct. 8, the Treasury Department and the Internal Revenue Service (IRS) released the agency’s Priority Guidance Plan (PGP), which serves as a blueprint for forthcoming regulatory guidance from the agency between July 1, 2019, and June 30, 2020.
In addition to prioritizing the Tax Cuts and Jobs Act (P.L.115-97), the IRS will also focus on the recently enacted Taxpayer First Act (P.L.116-025) and on deregulatory policies described in Executive Order 13789 (82 FR 19317).
The 2019-2020 PGP contains 203 guidance projects, of which 31 items have already been released. Click here for select items from the 2010-2020 PGP. A full copy of the plan is attached and can be accessed here.
