Insight

IRS Fast Track Settlement Program Guidance a Boon for Taxpayers

Articles

Stephen Josey and Associate Brie Barry examined the IRS Fast Track Settlement (FTS) program, highlighting its growing use as a faster and more effective way for taxpayers to resolve disputes with the IRS. They noted that participation in the program increased significantly in fiscal year 2025, with most cases resulting in settlements and resolutions reached in an average of just 101 days.

Josey and Barry also discussed recent IRS Chief Counsel guidance stating that statements made during FTS discussions generally are protected from disclosure in future Appeals proceedings or litigation. They said the guidance addresses a key concern for taxpayers and could encourage broader participation in the program.


This information is provided by Vinson & Elkins LLP for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.

Discover our latest:

Insights

CLE Events

Sixth Annual Navigating the Annual Meeting and Reporting Season 

Join leading practitioners and industry voices for a timely discussion of the legal, regulatory, and governance developments shaping the next proxy season.

November 11, 2026

November 11, 2026 • 1-minute read

Navigating Series Background Decorative Image

Events

David Strong Speaking at PLI Tax Strategies Conference in New York, Chicago, and Los Angeles

Partner David Strong will present on “Section 1202 Qualified Small Business Stock (QSBS)” at PLI’s Tax Strategies for Corporate Acquisitions, …

Multiple Dates

Multiple Dates • 1-minute read

Events

Vinson & Elkins Sponsoring and Speaking at TEI Annual Conference

Vinson & Elkins is a platinum sponsor of the 2026 TEI Annual Conference, taking place October 18–21 in Nashville, Tennessee. …

October 18–21, 2026

October 18–21, 2026 • 1-minute read

Events

Jenny Speck to Speak at 18th Annual OPIS RFS, RINs & Biofuels Forum

Partner Jenny Speck will speak on the panel “Credit Where Credit is Due: Finalizing 45Z” at the 18th Annual OPIS …

October 13, 2026

October 13, 2026 • 1-minute read

Client Alerts

DOJ’s New Fraud Division Releases New Directive Targeting Health Care, Defense, Tax, Trade, and Fraud on Government Programs

On October 1, 2026, the Department of Justice’s (“DOJ” or the “Department”) new National Fraud Enforcement Division (“NFED” or the …

October 8, 2026

October 8, 2026 • 6-minute read

News & Achievements
V&E

Get in Touch

Thoughts or questions? Send us a note, and we’ll connect you with the right person.

The ESG GC: How Your Role as Chief Legal Officer is Integral To Your Company’s ESG Efforts Background Image