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4.1.9.3
(10-24-2006)
Corporation, FSC, IC-DISC, Individual, Partnership, Fiduciary Returns
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With the exceptions stated in (3) below, there are no mandatory requirements
for selecting corporate, IC-DISC, FSC, individual, partnership, and fiduciary
returns showing foreign business transactions or interest in a and foreign
bank, securities, and other financial accounts.
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When screening returns, classifiers will consider the objectives of
the International Enforcement Program, and carefully scrutinize returns showing
foreign business transactions and foreign financial accounts. When foreign
business activity appears to be substantial, they should select the return
for examination.
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Instructions for selecting returns identified during classification
as reporting Subpart F income ( IRC §951IRC §964, inclusive) appear in the
Law Enforcement Manual.
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