IRS LB&I division releases practice units for IRS examiners

IRS LB&I division releases practice units

The IRS Large Business and International (LB&I) division publicly released seven “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 titles of the practice units (that are variously referred to as “process units” or “concept units” or, in one case, a “transaction unit”) are:

  • IRC section 179D energy efficient commercial buildings deduction
  • Distributions with accumulated earnings & profits
  • General overview of distributions and accumulated earnings & profits
  • Property distribution
  • Adopting LIFO
  • LIFO conformity for U.S. corporations with foreign subsidiaries using LIFO
  • LIFO conformity

Read text of these releases on the IRS practice unit webpage (posting date of July 14, 2020).

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