Want to know what the IRS plans to prioritize in 2023? Check the 2022–2023 Priority Guidance Plan: https://bit.ly/3NNFjox. It includes 205 guidance projects, including 60 new items, that the IRS will focus its efforts and budget on during the fiscal year. One new addition is a project category for “energy security,” which contains items related to the Inflation Reduction Act. None of the plan’s projects have completion deadlines, so they could potentially end up in next year’s plan. The IRS intends to update the document throughout the year to reflect new priorities, such as those that result from legislation. And priorities may change in response to taxpayer and tax practitioner comments. Call or visit our website for more information! www.mjscpa.com/
