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September 18, 2020

IRS LB&I launches four new compliance campaigns

The IRS Large Business & International Division (LB&I) has added four new compliance campaigns, identified through LB&I data analysis and IRS employee suggestions: Allocation of Success-Based Fees Without Rev. Proc 2011-29;  IRC Section 807(d) - Computation of Life Insurance Reserves Campaign; FIRPTA Reporting Compliance for NRAs; and IRC Section 807(d) — Re-Computation of Life Insurance Reserves Campaign. A Tax Alert is forthcoming.