Tier I - Active Status
Requires a continued level of coordination across the enterprise
Tier I - Recognized Abusive & Listed Transactions
Tier I - High Risk Transactions Pose the highest compliance risk across multiple LMSB Industries and generally include large numbers of taxpayers, significant dollar risk, substantial compliance risk, or are high visibility.
Tier II - Significant Compliance Risks Reflect areas of potential high non-compliance and/or significant compliance risk to LMSB or an industry, including emerging issues with fairly well-established law that need further development, clarification, direction, and guidance on LMSB's position.