IRS Releases Updated Priority Guidance Plan
The IRS recently issued the second quarter update to its 2017-18 Priority Guidance Plan. The IRS had issued the initial 2017-2018 Priority Guidance Plan in October 2017. The plan gives an overview of the projects that the IRS intends to address in the plan year ending June 30, 2018. As in prior years, the IRS updates the plan periodically to reflect additional guidance that it intends to publish. With this update, additions include guidance for Opportunity Zones. And still on the priority list is LIHTC compliance monitoring final regulations.