Did you know that the IRS has 59 Compliance Campaigns? Have your Audit Plan Ready!
October 16, 2019 by Stanley Foodman, Foodman CPAs & Advisors
IRS Large Business and International (IRS LBI) currently has 59 Active Compliance Campaigns. The purpose of the IRS compliance campaign strategy is to redefine large business compliance work and build a supportive infrastructure inside the LBI. The campaigns require strategic planning and deployment of IRS knowledge resources in order to address non-compliance issues.
The campaigns are:
- 1120-F Delinquent Returns Campaign
- 1120F Interest Expense/Home Office Expense
- Agricultural Chemicals Security Credit Campaign
- Basket Transactions Campaign
- Corporate Direct (Section 901) Foreign Tax Credit (“FTC”)
- Costs that Facilitate an IRC Section 355 Transaction
- Deferral of Cancellation of Indebtedness Income Campaign
- Deferred Variable Annuity Reserves & Life Insurance Reserves IIR Campaign
Click HERE to read the full story via JD Supra.
Originally Posted at JD Supra on October 11, 2019 by Stanley Foodman, Foodman CPAs & Advisors.
Categories: Industry Articles
