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IRS Looks for Issues to Resolve Washington, D.C. (August 3, 2009)
By WebCPA Staff
The Internal Revenue Service wants to hear from taxpayers, associations and other interested parties about any business tax controversies or disputes that its Industry Issue Resolution program can resolve.
The objective of the IIR program is to resolve through issuance of new and improved guidance business tax issues common to significant numbers of taxpayers. In past years, issues have been submitted by associations and others representing both small and large business taxpayers and have resulted in tax guidance affecting thousands of taxpayers.
Submissions received are reviewed semi-annually with selections next being made from issues submitted by Aug. 31, 2009.
The IIR program recently accepted for review the topic of technical terminations of publicly traded partnerships. For each issue selected, an IIR team, consisting of personnel from the IRS and the Treasury Department, gathers relevant facts from taxpayers or other interested parties affected by the issue. Their goal is to recommend guidance to resolve the issue.
Requests for guidance on tax issues under the IIR program can be submitted at any time to IIR@irs.gov.
