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Dave Macias, Jennifer Li June 21, 2012

Form1120 Filters. Financial Products Form 1120. Dave Macias, Jennifer Li June 21, 2012. P lanning A nalysis I nventory & R esearch. We are from PAIR LB&I IRS. Field Specialists and PAIR. Financial Products Specialists. Audit complex financial instruments (derivatives, debt)

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Dave Macias, Jennifer Li June 21, 2012

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  1. Form1120 Filters Financial Products Form 1120 Dave Macias, Jennifer Li June 21, 2012

  2. Planning Analysis Inventory &Research We are from PAIR LB&I IRS

  3. Field Specialists and PAIR

  4. Financial Products Specialists • Audit complex financial instruments (derivatives, debt) • Examines structured transactions (CARDS, Son of Boss, Foreign Tax Credit Generator, etc) • Works with all divisions in IRS (LB&I, SBSE, W&I, TE/GE)

  5. Filter Developing Process

  6. Steps in Creating FP Filters • SME’s create filters with guidance from FDRA. • Assign a risk score to each filter. • Build Financial Products filters using Blaze Advisor. • Validate filters by inspecting sample returns. • Aggregate risk scores to determine HRR. • Send information reports to the field. • Collect feedback from field personnel.

  7. Define Risk Level Debt / Equity Risk Level >5 and < 10 1 >= 10 < 20 2 >= 20 < 30 3 >= 30 < 40 4 Over 40 5 Hypothetical but representative

  8. Weighting Filters Hypothetical but representative

  9. RulesRepository Infrastructure Blaze Advisor Developing & Modifying Managing Deployment Manager Deploying Application Server

  10. Financial Products Rules Repository Rules Repository Production Rules Service QA / QC Processes Testing Development Batch Application Rule Developer SMEs if theObject.intestExpens > Ten_Millions then rank(theReturn.interestExpense); I am interested to see the interest expense above 10 millions Hypothetical but representative

  11. Risk Scores Distribution Hypothetical but representative

  12. RMA FP Weight/Rank Setting Hypothetical but representative

  13. A Rule Flow in Blaze Advisor

  14. Rule Flow of Form 1120 Rulesets

  15. RMA Switch Board for Rule Output

  16. Thank You! For questions and feedback, please send email to Dave.Macias@irs.gov / jennifer.li2@irs.gov This presentation was last updated as of 5/31/2012

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