The U.S. IRS released the first quarter update of the 2016-2017 Priority Guidance Plan on 31 October 2016. The initial 2016-2017 plan was released 15 August and included 281 projects. The first quarter update includes six additional projects that have become priorities.
The U.S. Treasury Department's Office of Tax Policy and the IRS use the Priority Guidance Plans to identify and prioritize the tax issues that should be addressed through regulations, revenue rulings, revenue procedures, no…