IRS practice units: Installment method, substantiation requirements, and foreign currency translation

IRS practice units

The IRS Large Business and International (LB&I) division publicly released three “practice units”—part of a series of IRS examiner “job aides” and training materials intended to describe for IRS agents leading practices about tax concepts in general and specific types of transactions.

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The topics of the practice units are:

  • Installment method (referred to as a “concept unit” by the IRS)
  • Substantiation requirements (referred to as a “process unit”)
  • Foreign currency translation (referred to as a “process unit”)

Read the practice units on the IRS practice unit webpage (posting date of April 28, 2020).

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