The U.S. Treasury Department and the IRS have issued the initial version of the 2019-2020 Priority Guidance Plan. The Priority Guidance Plan is developed each year to identify and prioritize the tax issues that should be addressed through regulations, revenue rulings, revenue procedures, notices, and other published administrative guidance, which the Treasury and IRS hope to complete during the period from 1 July 2019 through 30 June 2020. The Priority Guidance Plan is broken down into six main parts: Part 1, which includes guidance and regulations for the implementation of the Tax Cuts and Jobs Act; Part 2, which includes...