In January 2017, the IRS announced the rollout of 13 compliance campaigns to be undertaken by its Large Business and International Division (“LB&I”). The campaigns are part of a broader effort by the IRS to reorient LB&I to focus on high-risk issues in order to more efficiently address non-compliance in an era of smaller IRS budgets and greater IRS responsibilities. The campaigns cover subjects including repatriation of overseas funds by U.S. taxpayers, related-party transactions, and TEFRA partnership examinations.
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