On 30 October 2018, the IRS Large Business and International (LB&I) Division issued a release announcing the approval of five additional compliance campaigns. The compliance campaigns and their description are as follows: Individual Foreign Tax Credit Phase II Section 901 of the Internal Revenue Code alleviates double taxation through a dollar-for-dollar credit against U.S. tax on foreign-sourced income in the amount of foreign taxes paid on that income. Individuals who meet certain requirements may qualify for the foreign tax credit. This campaign addresses taxpayers who have claimed the credit but do not meet the requirements. The IRS will address noncompliance...