U.S. IRS Publishes Practice Units on Exchange of Information

On 20 November 2016, the U.S. IRS has published three international practice units concerning the exchange of tax-related information with foreign tax authorities, including:

• Overview of Exchange of Information Programs;
• Types of EOI Exchanges; and
• Field Procedures for Handling Foreign Initiated “Specific” Requests under EOI Agreements.

International practice units are developed by the Large Business and International Division of the IRS to provide staff with explanations of general int…