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  • Writer's pictureHolly Roundtree CPA

2019 – 07/25

The IRS has announced six new compliance campaigns. The IRS’s Large Business and International (LB&I) division focuses on specific issues or “campaigns” in audits. So far, LB&I has identified 53 compliance campaigns. The division just approved the following six campaigns: 1) S corporations subject to the built-in gains tax, 2) noncompliance related to the former Offshore Voluntary Disclosure Program, 3) certain individuals who expatriated, 4) high-income nonfilers, 5) residents of U.S. territories who erroneously claimed refundable tax credits, and 6) deferred compensation from certain nonqualified entities. For more information:

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