IRS practice units: Receipts from related CFC; accuracy-related penalties
Receipts from related CFC; accuracy-related penalties
The IRS Large Business and International (LB&I) division today publicly released two “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.
The topics of today’s “transaction unit” and “concept unit” (as referred to by the IRS) are:
- Receipt of dividends or interest from a related controlled foreign corporation (CFC)
- Overview of accuracy-related penalties
Read the practice units on the IRS practice unit webpage (posting date of July 29, 2020).
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