LB&I releases AEOI practice unit

On 15 March 2019, the U.S. Internal Revenue Service (“IRS”) Large Business and International (“LB&I”) division released a practice unit with the title “Introduction to traditional automatic exchange of information” (Link). As part of LB&I’s knowledge management efforts, Practice Units are developed through internal collaboration and serve as both job aids and training materials on tax issues. For example, Practice Units provide IRS staff with explanations of general tax concepts as well as information about a specific type of transaction. Practice Units will continue to evolve as the compliance environment changes and new insights and experiences are contributed.

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