IRS, treasury issue Priority Guidance Plan for 2005-06.

• Position: IRS Update

The IRS released the 2005-06 Priority Guidance Plan, listing tax issues that will be the subject of legal guidance during the next year.

Among a wide range of issues, the guidance items look to discuss:

* Additional legal requirements prompted by the standards for reporting tax shelters under the American Jobs Creation Act of 2004;

* Guidance on the tax treatment of distributions from Roth retirement plans; and

* Guidance on the...