Posts tagged "large businesses"

IRS Releases Publication 5125, The LB&I Examination Process

In collaboration with LB&I (Large Business & International) and key stakeholder groups, the IRS has completed and posted Publication 5125, The LB&I Examination Process. Effective as of May 1, 2016, Publication 5125 outlines the new Examination Process, which describes an enhanced process focused on an issue-based approach for conducting professional examinations from beginning to resolution. Roles and responsibilities for both LB&I examiners and taxpayers are established as well as specific expectations regarding claims for refund.

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