IRS Announces Five Additional Large Business and International Compliance Campaigns

The IRS Large Business and International (LB&I) Division has issued a release announcing the identification and selection of five additional compliance campaigns. LB&I had announced its first 13 campaigns on 31 January 2017 and an additional 11 campaigns on 3 November 2017. The five additional campaigns recently announced include:

• Costs that Facilitate an IRC Section 355 Transaction - The goal of this campaign is to ensure taxpayer compliance with the requirement to capitalize, no…