Large Business Examination Program.

• Jurisdiction: United States
• Date: 01 October 2000
• Author: Ely, Mark H.

The newly formed IRS Large & Mid-Size Business (LMSB) operating division is intended to deal with corporations, S corporations and partnerships with assets of more than $5 million. It also extends coverage to the largest corporate taxpayers that are included in the Coordinated Examination Program (CEP).

Prior to the current reorganization, the Service had implemented the Large Business Examination (LBE) program. The LBE program is based on CEP and appears to have migrated into LMSB, although it is not clear at this time that it will still be referred to as the LBE program.

The CEP involves procedures and techniques used by the IRS in the examination of approximately 1,500 of the largest U.S. corporations. CEP generally refers to companies with total assets in excess of $250 million. The program is considered highly successful...