April 18, 2017
IRS Announces 4th in Series of Webinars on LB&I Compliance Campaigns
The IRS announced today that its Large Business and International (LB&I) Division will participate in the 4th in a series of webinars on April 26 to provide tax practitioners with additional information about how its new compliance campaigns will operate.
PwC will host this webinar, which is scheduled for Wednesday, April 26, at 2 p.m. EDT. This one-hour webinar will focus on two compliance campaigns:
S Corporation Losses
TEFRA Linkage Plan Strategy
The webinar will be conducted by LB&I's Holly Paz, director of the Pass Through Entities (PTE) Practice Area; Cliff Scherwinski, deputy director of PTE; and Kimberly Edwards, director of the Western Compliance Practice Area.
Those interested in attending the April 26 webinar can register via this link to PwC.
Dates and times for additional webinars, in which IRS executives, in collaboration with various stakeholders, will discuss more fully the 13 compliance campaigns launched on Jan. 31, 2017, will be announced in the weeks ahead.
In announcing the initial rollout of 13 compliance campaigns in January, IRS officials said the launch was the culmination of an extensive effort to redefine compliance work and create greater transparency between the IRS and LB&I’s taxpayer segment. LB&I leaders plan to continue discussions with the tax professional community to best meet the needs of the taxpayers and tax administration.
LB&I's move toward issue-based examinations and a campaign process allows the division to decide which tax issues that present risk require a response while maintaining flexibility on the best steps to achieve compliance.
For more information on compliance campaigns, see LB&I Compliance Campaigns on IRS.gov.