The US IRS today announced that its Large Business & International (LB&I) division will begin making greater use of data analytics to identify which taxpayer returns pose the greatest compliance risks.
The new Large Corporate Compliance (LCC) program will also use analytics, with criteria such as gross assets and gross receipts, to determine to which taxpayers are the largest and most complex and thus within LB&I’s ambit, the IRS said.
The new program replaces the Coordinated Industry Case (CIC) program.
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