The U.S. Treasury Department and the IRS have issued the initial version of the 2021-2022 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 2021 through 30 June 2022. The Priority Guidance Plan is broken down into several areas, including: Consolidated Returns; Corporations and their Shareholders; Employee Benefits; Excise Tax; Exempt Organizations; Financial Institutions and Products; General Tax Issues; Gifts and...