The IRS Small Business/Self Employed (SB/SE) division formally established a Fast Track Settlement (FTS) program to provide an expedited issues resolution procedure for certain small business taxpayers.
FTS was originally implemented as part of the IRS Large Business and International (LB&I) division in 2003 as a way for taxpayers in examination or collections to resolve certain disputes with the assistance of the IRS Appeals division, before the issues must be formally appealed to the Appeals division. The Appeals employee would assist in settling the matter between the IRS and the taxpayer.
In 2011, the IRS announced a pilot program for FTS that would apply to SB/SE taxpayers. Rev. Proc. 2017-25 formalizes the pilot program with some changes, and provides that the FTS program is available nationwide.
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