In the article, "Guidance From the IRS: The Logjam Finally Breaks" Beth S. Kaufman discusses the Priority Guidance Plan projects. For the complete article, please click on the PDF above.
Excerpt taken from the article.
It has been three years since I have written about guidance. In part that is because there has been so much to discuss with regard to legislation, but in part it is because there has been little guidance issued.
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (TRA 2010) 1 gave rise to several Priority Guidance Plan projects, and those projects were immediately given the highest priority in the estate and gift area because taxpayers needed the guidance in order to meet return filing deadlines. This summer and fall we saw the guidance relating to 2010 decedents.