For decades, large corporate taxpayers under continuous audit have been able to make disclosures under Revenue Procedure 94-69 at the beginning of an examination to notify the Internal.
Internal Revenue Service IRS spokesperson stated guidance, new final form will be issued when IRS and US Department of the Treasury replace disclosure procedures laid out in Revenue Procedure. New guidance will define scope of required disclosures, detail how to create them.
At a recent Tax Executives Institute conference in New York, an Internal Revenue Service (IRS) spokesperson stated that guidance and a new final form will be issued when the IRS and the.
On February 25, 2022, the IRS announced that it will standardize the process for making post-filing disclosures so that eligible taxpayers and IRS agents have consistent guidelines for determining what constitutes an adequate disclosure.