The IRS Large Business and International (LB&I) division announced on Oct. 30 five new compliance campaigns, bringing the total number to 50 since the initiative was rolled out in January 2017.
Campaigns are designed to drive taxpayer compliance through various “treatment streams,” which can include issue-based examinations, soft letters, taxpayer education, published guidance, and other measures taken by the IRS.
new campaigns focus mostly on international tax issues and are:
- Individual Foreign Tax Credits (Phase II)
- Offshore Service Providers
- FATCA Filing Accuracy
- Form 1120-F Delinquent Returns
- Work Opportunity Tax Credit
Like the last batch of campaigns announced in September, the latest tranche indicates that as the IRS continues to evaluate the Tax Cuts and Jobs Act, which was enacted in late 2017, it is possible that certain preexisting campaigns could be impacted.
Managing Director, Washington National Tax Office
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Senior Manager, Washington National Tax Office
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