Tax-and-Climate Law Guidance Dominates IRS, Treasury Annual Plan

The Treasury Department and IRS in the coming year will focus on guidance for the Inflation Reduction Act and cryptocurrency rules, the agencies said in an annual list of regulatory priorities.

The Priority Guidance Plan details 237 projects that the agencies plan to prioritize from July 1,2023 through June 30, 2024. The plan doesn’t give a specific timeline on when the regulations will be released and many projects that were on last year’s plan were repeated.

Guidance on the Democrats’ Inflation Reduction Act passed last year continues to be a large part of the plan, including the corporate alternative minimum ...