On June 7, 2016, Internal Revenue Service (IRS) released an LB&I International Practice Unit (IPU), providing high-level guidance to IRS field examiners on the application of the anti-inversion rules of Internal Revenue Code section 7874 and certain of the regulations and notices issued thereunder (see here). 

The IPU notes that it is meant to provide only high-level conceptual guidance, and that many aspects of the highly complex notices and regulations recently issued in this area are beyond the scope of the IPU. Some of these issues will be addressed in future IPUs.

This high-level guidance to field examiners signals the IRS’s continued focus on international tax issues.