What You Need to Know About the IRS’s Campaign to Identify Foreign Non-Filers Through a W-8ECI Matching Program
On May 23, 2017, IRS Officials announced in an industry webcast that the IRS began a campaign to identify foreign companies that should be filing Form 1120-F, but have not. The officials also warned that the IRS intends to follow up on every potential non-compliant company it identifies and refer some for further audit. Apparently initial letters have just been sent to companies or will be coming “very, very soon.”
