The Internal Revenue Service (IRS) is putting out a call to business taxpayers and their advisors. The goal is to get feedback on how to bolster and broaden tax certainty and resolution mechanisms for business entities.
Rooted in the IRS Strategic Operating Plan, specifically under Initiative 2.4, the emphasis is clear: to provide taxpayers with avenues to address potential compliance concerns even before filing through an expanded suite of pre-filing and tax certainty programs.
The IRS currently boasts an array of such programs tailored to diverse taxpayers and issues. This includes the 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).
