In 2017, the Large Business and International Division (LB&I) of the IRS began announcing specific projects or campaigns of interest to the division. While the process for selection of the campaigns is not clear, creating specific campaigns helps the agency make focused use of its resources.
In its 2018 Annual Report, the Criminal Investigation Division reported on its planned integration of data collection and analysis to drive its enforcement and compliance efforts. The LB&I division actively uses data collection and analytics to boost its performance and improve its selection of target areas.
To that end, the LB&I added five additional campaigns to its expanding campaign list in late October of this year. While some of the campaigns are clearly aimed at enforcement, others are intended to build awareness of compliance issues. Instead of notice of a civil tax audit, the agency may send out an alert letter to a taxpayer or tax preparer.
Bringing the total number of campaigns to 50, the five new additions to the LB&I compliance campaigns include:
Only the latest, not the last, these campaigns impact a wide swath of persons and businesses that pay US taxes. Speak with an experienced tax lawyer when you have questions about these compliance projects or receive notice of an IRS criminal investigation.
Robert J. Fedor, Esq., LLC provides experienced legal representation if you or your company are facing questions about a tax audit or IRS compliance question. We provide knowledgeable, strategic legal counsel and representation. Contact us or call 800-579-0997 today.