LB&I campaign insights: Corporate direct foreign tax credit
June 20 | 2 p.m. ET | 18:00 GMT
Host: Rosemary Sereti, managing director, Deloitte Tax LLP
1 Overview CPE credit | Taxes
As the IRS moves toward a more disciplined issue-focused tax examination approach, LB&I leadership has indicated likely use of limited scope examinations and other treatment streams to achieve tax administration goals. What do taxpayers need to know about the campaign process and the recently announced corporate direct (section 901) foreign tax credit (FTC) campaign? We'll discuss:
- Key differences between the traditional LB&I exam approach and the new campaign process.
- Compliance risks to be addressed in the corporate direct (section 901) FTC campaign.
- Campaign-related resources available to taxpayers.
Participants will gain valuable insight into the campaign process and the compliance issues identified for the corporate direct (section 901) FTC campaign.