The IRS creates the guidance to-do list by inviting
business taxpayers and business associations to send requests for help with tax
concerns to an Industry Issue Resolution (IIR) program.

Taxpayers and associations have until Aug. 31 to participate in the current
round of IIR project request reviews, officials say.

The IRS is looking into the variable tax issues at the request of several
accounting firms.

The IRS also has decided to go ahead with an IIR guidance project on the
“conclusive presumption of worthlessness … to partial worthlessness deductions
consistent with insurance companies’ statutory book charge-offs of debt,”
officials say.

Other topics that have made the IIR cut include projects involving utility
company transmission and distribution networks, and repair vs. capitalization in
the cable industry.

– Allison Bell