Small Business Reading Room

Monday, March 20, 2006

Businesses Encouraged to Submit Tax Issues for Resolution Program

How many of you business owners out there have tax issues you would like to bring up to the IRS?

Here's your chance.

Business taxpayers and associations may seek resolution of problematic tax issues through the Internal Revenue Service's Industry Issue Resolution (IIR) Program. Submissions received by March 31, 2006, of business tax issues where the tax treatment is uncertain, frequently disputed or burdensome will be considered for IIR project selection and inclusion in the 2006-2007 Treasury and IRS Guidance Priority List.

The objective of the IIR program is to resolve business tax issues common to significant numbers of taxpayers through new guidance. In past years, issues have been submitted by associations and others representing both small and large business taxpayers, resulting in tax guidance that has affected thousands of business taxpayers engaged in a variety of industries. For example:

Allowing companies to reduce administrative burden by signing employment tax returns by facsimile. (Rev Proc 2005-39)

For each issue selected, an IIR team of IRS and Treasury personnel gather relevant facts from taxpayers or other interested parties affected by the issue. The goal is to recommend guidance to resolve the issue. This benefits both taxpayers and the IRS by saving time and expense that would otherwise be expended on resolving the issue through examinations.

For those who want to know (or those who have trouble sleeping) the IIR Project submission procedures and selection criteria are described in Revenue Procedure 2003-36. However, if you have less time and motivation, you can review this concise summary of submission procedures.

The IRS reviews submissions semi-annually, after March 31 and August 31 each year.

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Small Business Reading Room

Businesses Encouraged to Submit Tax Issues for Resolution Program

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