ITB 12-03: IRS updates 2011-2012 priority guidance plan
Insurance Tax Bulletin
The IRS recently released an updated 2011-2012 Priority Guidance Plan, which includes 14 items of additional guidance that are to be added to the original list of 317 projects that are priorities for the plan year ending June 2012, as well as the more routine guidance published on an annual basis. Through this update, the IRS summarized the periodic updates throughout the plan year and requests comments and suggestions for additional projects. This year’s plan addresses a variety of issues, and indicates that implementing health care reform law will be a major priority in the coming year. The plan also features a broad range of projects in the international area, with a strong focus on implementing FATCA.