The U.S. Treasury Department and the IRS have issued the initial version of the 2022-2023 Priority Guidance Plan. The Priority Guidance Plan is developed each year to identify and prioritize the tax issues that should be addressed through regulations, revenue rulings, revenue procedures, notices, and other published administrative guidance, which the Treasury and IRS hope to complete during the period from 1 July 2022 through 30 June 2023.
The Priority Guidance Plan is broken down into seve…