IRS announces six new large business compliance campaigns

Tax Hot Topics newsletterThe IRS Large Business and International (LB&I) division on May 21 announced six new compliance campaigns, mostly focusing on international tax reporting and withholding issues. The addition of the six new campaigns boosts the total number of LB&I campaigns to 35 since the initiative was rolled out in January 2017.

The new campaigns will focus on:
  • Interest capitalization for self-constructed assets
  • Forms 3520 and 3520-A non-compliance and campus assessed penalties
  • Forms 1042 and 1042-S compliance
  • Nonresident alien tax treaty exemptions
  • Nonresident alien Schedule A and other deductions
  • Nonresident alien tax credits
Campaigns drive compliance through so-called “treatment streams,” which are designed to influence taxpayer behavior through examination, the issuance of guidance, a change in IRS procedures, or through taxpayer outreach or education. For more information about the LB&I campaigns, click here.

Contacts David Sites
Partner, Washington National Tax Office
T +1 202 861 4104

Liz Askey
Managing Director, Tax Practice Policy & Quality
T +1 202 521 1513

Shamik Trivedi
Senior Manager, Washington National Tax Office
T +1 202 521 1511

Cory Perry
Senior Manager, Washington National Tax Office
T +1 202 521 1509

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