The IMRS Monthly Overview provides a synopsis of some issues the Issue Management Resolution System staff received and/or closed during the past month. The Monthly Overviews inform the public about the work of IMRS and highlight issues we think would be of most interest to external stakeholders.
New IMRS Issue
Policy, Practice, Procedure
IMRS Issue 17-0002217 - Representation for innocent spouse relief
Issue: Tax professionals were not aware of the requirement to list Form 8857, Request for Innocent Spouse Relief, on their powers of attorney for it to be valid.
Recently Closed Issues
Policy, Practice, Procedures
IMRS Issue 17-0002202 - IRS.gov doesn't have information about tax requirements for benefit corporations.
Issue: Stakeholders want the IRS to post information about tax requirements for benefit corporations.
Response: Becoming a benefit corporation means incorporating under that status in one of the states that has passed benefit corporation legislation. Currently, 31 states and the District of Columbia have passed legislation and seven more are considering legislation. Benefit corporations are for-profit companies that want to affect social good and/or support a particular cause or movement and still make a profit for their shareholders. Benefit corporation laws do not affect tax law. The benefit corporation still must choose either subchapter C or S status and follow applicable tax laws like any other corporation. For that reason, it's not necessary to provide any special information for benefit corporations.
NOTE: This site has current and previous reports. The IRS posts monthly overviews for the current year. You can also access reports for issues closed in the prior year on the same page. We invite you to raise your issues/concerns with your local stakeholder liaison.