IRS Seeks New Issues for Industry Issue Resolution Program

MASTERING MANAGEMENTIRS Seeks New Issues for Industry Issue Resolution ProgramWASHINGTON (Aug. 23, 2007) - The Internal Revenue Service (IRS) is encouraging business taxpayers, associations and other interested parties to submit controversial or frequently disputed tax issues to the Industry Issue Resolution (IIR) program. The purpose of the IIR program is to clarify and recommend guidance that resolves an issue. It benefits both taxpayers and the IRS by reducing the time and expense of resolving the issue through case-by-case tax examinations. To be considered for the winter review, submissions should be emailed to [email protected] by Nov. 30, 2007.(Source: IRS)