On May 16, 2019, the Large Business and International (LB&I) Division of the IRS unveiled the Large Corporate Compliance (LCC) program. The LCC uses data analytics to automatically target the largest and most complex corporate taxpayers having the most compliance risks for examination. The LCC is part of a larger push toward “portfolio management”—ensuring that the IRS’s limited resources are spent on tax returns with the highest compliance risk.

Please click here to read the full article authored by tax controversy counsel Elizabeth Smith and Ropes & Gray summer associate Michael Rochford.