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IRS Notice: Public Comments Submitted on 2022-2023 Priority Guidance Plan

June 2, 2022, 5:00 AM

Public recommendations posted June 1 pursuant to invitation in Notice 2022-21 regarding items that should be included in the 2022-2023 Priority Guidance Plan. Commenters request guidance on when utilities must report certain infrastructure as income under I.R.C. §118 (as addressed in Notice 2016-36) and on certain tax issues that can arise in connection with investment portfolios focused on environmental, social and governance aspects of public issuers; and that guidance be retained as to reinstated “Superfund” excise taxes on certain chemical substances under §4661 and §4671, while additional guidance is needed to clarify certain undefined terms and ...