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IRS Solicits 2008-2009 Guidance Priority List Recommendations

In Notice 2008-47, the Department of Treasury and Internal Revenue Service invite public comment on recommendations for inclusion on the 2008-2009 Guidance Priority List. The list is used to identify and prioritize tax issues to be addressed, to focus resources on important tax admniistration items, to increase voluntary compliance and to clarify areas of tax law. Priority list recommendations are reviewed and selected based on: whether the recommendation resolves significant issues relevant to many taxpayers; whether guidance is deemed appropriate for public involvement; whether the recommendation promotes sound tax administration; whether the guidance can be drafted to be easily understood and applied; whether the recommendation can be applied uniformly; and whether the recommended guidance reduces controversy and lessens either the taxpayer or IRS burden. Recommendations should be submitted by May 31, 2008.

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