The U.S. IRS Large Business and International (LB&I) has issued a memorandum dated 14 April 2020 concerning the People First Initiative in response to COVID-19 in relation to LB&I compliance activities, which are postponed or allowed through 15 July 2020. This includes the following:
I. Activity Postponed through 15 July 2020
- LB&I will not start an examination of any new return unless it falls within Category II below.
- No time should be charged to new Discriminate Analysis Sco…