April 27, 2017
IRS Announces 5th 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 5th in a series of webinars on May 10 to provide tax practitioners with additional information about how its new compliance campaigns will operate.
The American Institute of CPAs (AICPA) will host this webinar, which is scheduled for Wednesday, May 10, at 1 p.m. EDT. This one-hour webinar will focus on two compliance campaigns:
- Inbound Distributor
- OVDP Declines-Withdrawals
The webinar will be conducted by LB&I's Sharon Porter, director of the Treaty & Transfer Pricing Operations Practice Area; Pamela Drenthe, director of the Withholding & International Individual Compliance Practice Area; and Robert Choi, acting director, Eastern Compliance Practice Area.
Those interested in attending the May 10 webinar can register via this link to the AICPA.
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.