IRS LB&I Announces Two New Compliance Campaigns

The IRS LB&I recently retired four campaigns and added two new compliance campaigns. Of note, the Taxable Asset Transactions campaign will focus on IRC §§ 1060 and 338(h)(10) transaction compliance in Western Compliance Area. Follow the links below for more information on the new and retired campaigns.

New Campaigns

• Puerto Rico Act 22, Individual Investors Act

• Taxable Asset Transactions – Matching Buyers and Sellers

Retired Campaigns

• Basket Transactions Campaign

• Interest Capitalization Self-Constructed Assets

• Partnership Stop Filer

• Related-party Transaction Campaign