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IRS Announces Five Additional Large Business and International Compliance Campaigns

20 March 2018

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Approved Changes

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United States

The IRS Large Business and International (LB&I) Division has issued a release announcing the identification and selection of five additional compliance campaigns. LB&I had announced its first 13 campaigns on 31 January 2017 and an additional 11 campaigns on 3 November 2017. The five additional campaigns recently announced include: Costs that Facilitate an IRC Section 355 Transaction - The goal of this campaign is to ensure taxpayer compliance with the requirement to capitalize, not deduct, the facilitative costs when the distribution is completed. Self-Employment Contributions Act (SECA) Tax - The goal of this campaign is to increase compliance with the...