IRS LMSB S Corporation Returns

4.1.24.3  (08-01-2007)
LMSB S Corporation Returns

  1. LMSB is responsible for S Corporation Returns having assets greater than or equal to $10,000,000 in assets. These returns are assigned activity code 290.

  2. See LEM 4.1.24.3 (2).

  3. The LMSB compliance plan and classification plan is used to determine how many returns are needed. Returns are ordered by LMSB Ogden PSP for manual classification

  4. S Corporation returns will soon be classified using the LMSB Examination Classification System (LECS). See LEM 4.1.24.3. Currently, LMSB PSP Ogden coordinates with the Industry PSP Analysts to arrange classification of S Corporate returns.

    • Any return that is selected during classification is updated to status 08, and is available for ordering via LMSB Workload Identification System (LWIS) by the Industry PSP Analyst.

    • Any return accepted as filed is closed by LMSB PSP Ogden using disposal code 20.


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