Improvements made to the IRS Pre-Filing Agreement program will provide greater tax certainty for large business and international taxpayers, the agency announced on June 17.
The improvements “mark a renewed commitment by the IRS to expand access to cooperative tax compliance strategies that prevent disputes before they arise,” the agency said.
The IRS said in September 2023 that it was evaluating its tax certainty programs and tools to determine potential improvements that would result in the faster resolution of taxpayer issues and a reduction in post-filing compliance activities for affected taxpayers. The IRS is also considering the value of new or alternative programs to advance tax certainty and issue resolution for businesses.
The Pre-Filing Agreement program allows taxpayers under the Large Business and International Division unit’s jurisdiction to resolve potential tax issues before filing their return, offering certainty, reducing audit risk, and encouraging voluntary compliance, according to the IRS.
Key enhancements to the Pre-Filing Agreement program include:
- A redesigned Pre-Filing Agreement landing page with program statistics, a streamlined process overview, and direct navigation to dispute prevention resources.
- New step-by-step instructions to submit a Pre-Filing Agreement request, including response time expectations and post-submission next steps.
- A dedicated Pre-Filing Agreement likely suitable issues and documentation page will help taxpayers identify if a PFA request is appropriate for their situation.
- Updated program guidelines to help businesses strategically align their Pre-Filing Agreement submissions with tax filing deadlines.
More information can be found at Dispute prevention and resolution for large business and international taxpayers or email pfa.info@irs.gov with the subject line Feedback on PFA Program.
Thanks for reading CPA Practice Advisor!
Subscribe Already registered? Log In
Need more information? Read the FAQs
Tags: Income Taxes, IRS, Taxes
![Chatbots[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/2020/05/Chatbots_1_.5e94abc21889c.png)