IRS Releases 2016-2017 Guidance Priority Plan
On Aug. 15, the Internal Revenue Service (IRS) released its 2016-2017 priority guidance plan and a fourth-quarter update to its 2015-2016 priority guidance plan. Through this plan year, the 12-month period from July 2016 to June 2017, the IRS plans to address 281 projects. Compared to the prior version of the plan, the IRS added issuing guidance on the right of first refusal under Section 42(i)(7).
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