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ARTICLE · 18 MARCH 2014

LB&I Updates IDR Procedures By Including Exception, Delaying Enforcement

Grant Thornton LLP
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The IRS updated a prior directive on information document requests to include an exception to the requirement that individual IDRs state a specific issue.

United StatesTax
Grant Thornton'S Washington National Tax Office
Grant Thornton'S Washington National Tax Office
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The IRS Large Business & International (LB&I) Division updated a prior directive concerning information document requests (IDRs) to include an exception to the general requirement that individual IDRs state a specific issue.

The updated directive (LB&I-04-0214-004), issued Feb. 28, also delays the effective date for enforcement of IDRs to April 3. The directive states that examiners may not issue delinquency notices prior to that date.

New IDRs issued by the LB&I Division are supposed to be narrowly tailored, focusing on a single issue. However, the latest directive states that there is an exception to that provision for basic books and records and general information about a taxpayer's business. Those general IDRs, known as "IDR One" may not be as issue-specific as newly issued IDRs are intended to be.

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