WASHINGTON, D.C. — The Internal Revenue Service (IRS) has announced a series of updates to its Pre-Filing Agreement (PFA) program aimed at promoting tax certainty and reducing disputes for large business and international taxpayers.
Designed to resolve potential tax issues before returns are filed, the PFA program seeks to foster cooperative compliance, decrease audit risks, and encourage voluntary adherence to tax regulations. The enhancements reflect the IRS’s commitment to making tax compliance more efficient and transparent for major taxpayers under the jurisdiction of the Large Business and International Division.
Key improvements to the program include a redesigned landing page offering streamlined navigation, program statistics, and resources for dispute prevention. Additionally, taxpayers now have access to updated step-by-step instructions for submitting PFA requests, including detailed expectations regarding response times and next steps post-submission.
The IRS has also introduced a dedicated page to guide taxpayers in determining whether a PFA request aligns with their tax situation, as well as revised program guidelines to assist businesses in aligning their submissions with filing deadlines.
These changes focus on innovative compliance strategies to provide certainty and reduce the risk of disputes or audits. The IRS stated that it remains committed to expanding access to solutions that simplify and enhance the tax reporting process for businesses operating in today’s complex financial landscape.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.