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U.S. IRS Announces Five Additional Large Business and International Compliance Campaigns

13 September 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 approval of five additional compliance campaigns. The compliance campaigns and their description are as follows: IRC Section 199 – Claims Risk Review Public Law 115-97 repealed the Domestic Production Activity Deduction (DPAD) for taxable years beginning after December 31, 2017. This campaign addresses all business entities that may file a claim for additional DPAD under IRC Section 199. The campaign objective is to ensure taxpayer compliance with the requirements of IRC Section 199 through a claim risk review assessment and issue-based examinations of claims with the...