The IRS has added two compliance campaigns to its list of large business areas warranting scrutiny. The new campaigns focus on fuel tax credits and research issues. The former will concentrate on taxpayers who received fuel mixture credits under the tax code but didn’t treat the credits as a reduction in their excise tax liability. The latter campaign will address research credit and research and experimental expenditures issues. It will employ various audit techniques including issue-based examinations, form updates, and requests for guidance. The IRS stated that those expenditures are some of the most prevalent tax issues within its Large Business and International division. Call or visit our website for more information! www.mjscpa.com/
