Taxing Definitions

Coordinated Issue Papers

Thanks for sharing!
1 minute read

Coordinated

Coordinated Issue Papers (CIPs) provide guidance on technical tax questions, such as medical reimbursement plans for the self-employed, that is reviewed by the Office of Chief Counsel and provided to revenue agents.

CIPs are numbered using the Uniform Issues List (UIL), an index of issues based on Internal Revenue Code Sections. For example, a CIP about medical reimbursement plans for the self-employed was issued in March 1999 under UIL number 162.35-02.

CIPs are reflective of IRS thinking, but are not authoritative.

A list of CIPs can be found online at the IRS web site.

***

Other posts you might enjoy

Definition — Safe harbors and taxes Image source: OpenClipArt.org Back in August, the IRS issued proposed regulations about the new limitation on federal income tax deductions for state and local income taxes (see Taxing Lessons post here). After the proposed regulations were issued, the IRS continued to receive questio...
Definitions — More and less, yes or no   Image source: openclipart.org   In general, you're required to file a federal income tax return when your gross income is equal to or exceeds the sum of your exemption plus standard deduction (internal revenue code section 6012(a)(1)). For 2018 returns, to be filed in 2019, the...
Definition — Convenient meals   Image source: Public domain image from Dreamstime.com   Are you eating lunch at your desk? Perhaps your employer provides meals for a business reason, such as when the meals are necessary for you to do your job properly. These "convenience of employer" meals are not taxable to ...
Definition – A whale of a breach   Image source: Sho Hatakeyama on Unsplash Once more into the breach… The security breach of an Equifax online dispute portal from May to July 2017 was a whopper. According to a report published by the US Government Accountability Office in August 2018, records containing personally iden...
Tagged , , ,