The IRS Large Business & International (LB&I) division continues to expand its list of compliance campaigns, with three new campaigns being added this week—thus bringing the total of compliance campaigns to 53 identified and selected to date.
As noted in an IRS release, the three new campaigns concern:
Campaigns represent the IRS’s shift from entity-based to issue-based examinations, with a focus on those issues that have been determined to present a risk of noncompliance. The IRS’s stated goal with its campaign initiative is to improve tax return and issue selection and make the greatest use of limited IRS resources. Each campaign is addressed using one or more “treatment streams” that include issue-based examinations, soft letters encouraging voluntary self-correction, and stakeholder outreach.
Read the full list of LB&I compliance campaigns (as of April 16, 2019).
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