IRS Inventories FY 2020 EO Accomplishments

The TE/GE Division, on February 8, issued a summary of its fiscal year 2020 accomplishments (Pub. 5329 (Rev. 1-2021)). During this period, the Division “continued to identify compliance work through [its] compliance strategy process.” The TE/GE Compliance Governance Board functioned to “identify, prioritize and allocate resources within the TE/GE filing population.” The Division's queries were “based on quantitative criteria, used to identify high risk areas of noncompliance and focus on issues with the greatest impact.” It continued to process referrals, engage in compliance checks, and issue educational letters.