Excerpt taken from article.
With the barrage of guidance on 2010, 2011, and 2012 decedents, the logjam seems to have been broken and it appears that the IRS and Treasury can return to work on the backlog of Priority Guidance projects. The Treasury Department and the IRS issued an updated Priority Guidance list on 09/02/2011, listing the 317 projects to which the Department intends to allocate resources during the 12-month period from July 2011 through June 2012. There are 17 priority projects listed under the heading "Gifts and Estates and Trusts".
This article, written by Beth Kaufman
, discusses the 17 projects outlined in its updated Priority Guidance list.