The information on this page is for large and mid-size businesses with assets greater than $10 million. Go to Corporations , Partnerships and International Businessesfor more specific information.
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e-file for Large and Mid-Size Corporations
Corporations that have assets of $50 million or more and file at least 250 returns annually are required to electronically file their 1120/1120S income tax returns for tax years ending on or after December 31, 2005.
Schedule M-3 for Reconciling Book to Tax Income
The Treasury Department and IRS are implementing Schedule M-3, “Net Income (Loss) Reconciliation for Corporations With Total Assets of $10 Million or More”.
The Joint Audit Planning Process
To improve the audit planning process, LMSB and the Tax Executives Institute (TEI) formed a team to develop a joint, issue driven, audit planning process that engages all members of the audit team, including specialists, in conjunction with the taxpayer.
Joint Audit Planning Process Planning & Monitoring Tool
Addresses the elements that are critical during examination planning and outlines the specific joint and individual responsibilities of all audit participants. Applicable to both CIC and IC
Large and Mid-Size Business Programs
Abusive Tax Shelters and TransactionsThe Internal Revenue Service has a comprehensive strategy in place to combat abusive tax shelters and transactions
Industry Issue Resolution Program
The Industry Issue Resolution (IIR) Program resolves frequently disputed or burdensome tax issues. IRS solicits suggestions for issues for the program from taxpayers, representatives and associations.
Pre-Filing Agreement Program
The Pre-Filing Agreement Program is expected to reduce taxpayer burden and make more effective use of IRS resources by resolving or eliminating tax controversy earlier in the examination process.
Limited Issue Focused Examination (LIFE)
The IRS Large and Mid-Size Business (LMSB) Division has implemented a new streamlined examination process.
Other Large and Mid-Size Business Resources
Large and Mid-Size Business (LMSB) Division
The Large and Mid-Size Business (LMSB) Division serves corporations, subchapter S corporations, and partnerships with assets greater than $10 million.
Reference Sources
NAICS Codes
To better serve the needs of its taxpayers, the LMSB Division aligns its work by industry type using the North American Industry Classification System (NAICS) designations. Here's where you can find out which industry office has responsibility for your business. All you need to know is the NAICS code.
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