The drafts are in near-final form with the final versions expected to be released in December.

Among the changes is the addition of a checkbox that allows a taxpayer to indicate if certain grouping or aggregation elections have been made. The changes also reflect updates consistent with the provisions of the Tax Cuts and Jobs Act. Additional information requested by the IRS is designed to aid the IRS in assessing compliance risk and identifying potential noncompliance while ensuring that compliant taxpayers are less likely to be examined.