The Commissioner of the IRS Large Business and International (LB&I) Division issued a memorandum—LB&I-04-0620-0011 (June 26, 2020)—addressing which LB&I compliance activities are postponed; which will continue through July 15, 2020, and beyond; and which will resume beginning July 15, 2020.
The new LB&I memorandum provides LB&I activity to be postponed through July 15, 2020, includes the following:
The memo also lists LB&I activity continuing through July 15, 2020, including:
Lastly, the LB&I memo provides that beginning July 15, 2020, all LB&I operations will resume under “normal procedures” except for:
The LB&I memo concludes that while every possible situation cannot be anticipated:
… it remains vitally important for all LB&I employees to be sensitive to their own and the individual circumstances of taxpayers to determine the appropriate tax administrative actions commensurate with our respective situation.
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