The Internal Revenue Service (IRS) has recently published updates to its guidance plans for the coming months.
- On October 20, 2017, the US Department of the Treasury and the IRS released their 2017-2018 Priority Guidance Plan, often informally referred to as the IRS Business Plan, which lists those issues that will be the subject of formal guidance from July 2017 through June 2018. The IRS Business Plan includes six new initiatives, 18 pending items addressing retirement benefits, and 17 pending items addressing executive compensation, health care and other benefits. The items are listed in the chart below in the reverse order of when they first appeared on the agenda.
- The US Department of Labor (DOL) has not yet published an updated Semi-Annual Regulatory Agenda since the new Administration has taken office. The DOL employee benefit projects detailed in the chart below reflect the last agenda published during the prior Administration, listed in order of the projected timetable for next steps. (In the ordinary course, the projected dates shown on the agenda may prove to be ambitious, to the extent the new Administration continues to pursue them.)
Projects added to the agendas since they were last published are shown in bold. There are six new IRS initiatives, and no new DOL initiatives.