Revision to Internal Revenue Manual 4.10.10, Standard Paragraphs and Explanation of Adjustments, that would revise four standard credit and expense explanations and add 21 new standard credit and expense explanations, released August 18. The standard explanations provide specific reasons for an IRS examiner’s adjustment in a particular situation. The standard explanations will be incorporated into the Report Generation Software (RGS), the IRS stated. [SBSE-04-0821-0034 (Aug. 12, 2021)]
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