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Large Taxpayers still on IRS Radar Near-Term.

The Internal Revenue Service will continue to have a presence with the nation's largest taxpayers despite its plans for a gradual move away from a model where examination coverage is often determined by a taxpayer's size, IRS Large Business & International Commissioner Heather Maloy said April 18.

Her comments came while discussing the vision for a new audit process that eventually may shift some resources away from Coordinated Industry Case (CIC) taxpayers, first unveiled by IRS Deputy Commissioner for Service and Enforcement Steven Miller at the end of March.

“We will always have some type of presence among companies with the highest assets and the highest income. We are going to have to ensure the compliance of this population,” Maloy said on a webcast sponsored by PricewaterhouseCoopers LLP, Washington, D.C.

In response to questions from Kevin Brown, a principal in PwC's tax controversy and dispute resolution practice, she said, “I don't think CIC taxpayers should expect in the near term that there won't be any type of IRS presence.”

Read more at: Tax Times blog

 
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