New IRS Division Supports Retail, Food & Pharmacy Biz

Posted by accountingweb on Jun 13 2000 95 printer friendly

One of the effects of the modernized IRS is the necessity to service businesses faster and resolve issues before they become too difficult to handle.

A new section of the Large and Mid-Size Business Division (LMSB) will focus on just that for the food, retail and pharmaceutical industries. In addition, this includes any business dealing in food and beverages, agricultural commodities and farms.

Leading the effort is CPA Bob Brazzil, who will serve as industry director for the LMSB, which is expected to handle more than 200,000 corporations and partnerships at levels of more than $5 million in assets.

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Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?

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