The Internal Revenue Service is asking for comments from business taxpayers and their advisors about ways to improve and expand its programs for resolving tax issues upfront before companies run into compliance problems.
The IRS wants to expand its pre-filing and tax certainty programs, such as Dispute Prevention and Resolution for Large Business and International Taxpayers, the IRS Employee Plans Compliance Resolution System (EPCRS) and the Voluntary Classification Settlement Program (VCSP). It’s looking for feedback on those programs, as well as on related programs, including its Compliance Assurance Process (CAP) program, as well as pre-filing agreements, competent authority for U.S. residency determinations, and more. Earlier the summer, the IRS asked for comments on its post-filing alternative dispute resolution programs (see story).
The specific areas where the IRS would now like feedback can be found in this news release. Comments should be emailed to LBI.SOP.Initiative.Feedback@irs.gov by March 31, 2024.
Al Drago/Bloomberg
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