The U.S. Treasury has a published a report from the Treasury Inspector General for Tax Administration (TIGTA) recommending that the IRS should revise the approach used to identify foreign corporations that do not file required U.S. income tax returns. The report is a result of a review of the Large Business and International (LB&I) Division's Form 1120-F Non-Filer Campaign, in which the LB&I uses various external data sources to identify foreign companies that fail to meet their filing obligations and encourage them to file their required returns. What TIGTA found and recommended is as follows: What TIGTA Found The objectives...