The IRS Large Business and International Division (LB&I) has announced five additional campaigns as of October 30, 2018. Four of these campaigns focus on international compliance issues, while the fifth campaign addresses Work Opportunity Tax Credit claims. There has been a steady stream of new campaigns, with 50 total announced since January 2017. The goals of these campaigns are to improve return selection, identify issues indicating a risk of noncompliance and make the greatest use of limited resources. Taxpayers should determine whether they have federal tax return issues, or potential issues, related to these five new campaigns.
Read the full article about the five new campaigns here.