The U.S. Internal Revenue Service published the Initial version of the 2015-2016 Priority Guidance Plan on 31 July 2015. The guidance covers the 12-month period beginning July 2015 through June 2016 (the plan year). The fourth quarter update of the 2014-2015 plan was also published the same day.
The U.S. Treasury Department's Office of Tax Policy and the IRS use the Priority Guidance Plan to identify and prioritize the tax issues that should be addressed through regulations, revenue rulings,…