The IRS Large Business and International (LB&I) division today publicly released “practice units”—a series of IRS examiner “job aides” and training materials intended to describe for IRS agents leading practices about tax concepts in general and specific types of transactions. The titles of the practice units released today are:
Read text of the practice units on the IRS webpage (release date of October 17, 2017)
The practice units released today provide insight into the IRS viewpoint on the subject issues and related Code sections. These practice units instruct agents how to interpret and apply the rules. Taxpayers whose tax filings involve the issues within these practice units might find it helpful to review these practice units.
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