Bloomberg Tax
Sept. 9, 2021, 10:27 PM

Treasury Releases Priority Guidance Plan for 2021-2022

Michael Rapoport
Michael Rapoport
Senior Reporter, Bloomberg Tax

The Treasury Department and the Internal Revenue Service issued their annual list of regulatory priorities Thursday, covering 193 projects in areas from corporate taxes and employee benefits to financial institutions and products.

The priority guidance plan lists the projects that Treasury and IRS will focus their tax-guidance efforts on from July 2021 through June 2022. The plan doesn’t indicate any deadline for completing the projects.

  • Among the projects included in the plan are regulations for companies seeking private letter rulings for the tax treatment of their spinoffs under tax code Section 355. An IRS staff member ...

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