Practice units: Penalties, foreign partnership taxation | KPMG | GLOBAL

LB&I practice units: Penalties, foreign partnership taxation

Practice units: Penalties, foreign partnership taxation

The IRS posted three new “practice units”—training aids intended to describe for IRS agents leading practices for specific international and transfer pricing issues and transactions. The topics of the newly posted LB&I practice units are:


Related content

  • Failure to file the Form 3520/3520-A – penalties
  • Failure to file the Form 8865 – Category 1 and 2 filers – monetary penalty
  • Foreign partnership – taxation 

These three new practice units (released on November 23, 2015) are available on the IRS practice unit webpage. The IRS previously announced its plan to issue 100 practice units over coming months.

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