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, says the IRS. Recent results of the IIR program include 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.
The IRS reviews submissions semi-annually, after March 31 and August 31 of each year.
The IIR project submission procedures and selection criteria are described in Revenue Procedure 2003-36, available on the IIR program Web page at www.irs.gov/businesses/article/0,,id=109645,00.html.
Publication date: 03/20/2006