WASHINGTON, June 6 /PRNewswire/ -- A newly created section of the
modernized Internal Revenue Service will address the unique needs of the
retail, food and pharmaceuticals industries.
The IRS's new Large and Mid-Size Business Division (LMSB) will have a
special industry section devoted to Retailers, Food and Pharmaceuticals. This
section, headquartered in Chicago, will serve 1,000 large businesses and
28,200 mid-sized businesses.
This sector includes businesses dealing in food and beverages, retailing,
pharmaceuticals, agricultural commodities and farms.
"These industries have similar financial reporting and growth patterns.
Under the new IRS structure, we can build a more specialized, responsive
approach for these industries. This will help us develop greater expertise
and improve service for this important group of businesses," Industry Director
Bob Brazzil said Tuesday.
Like the rest of LMSB, Retailers, Food and Pharmaceuticals will embrace an
innovative approach to resolve taxpayer issues earlier and streamline the tax
dispute process to ease burdens on business, Brazzil said. The organization
will also assist taxpayers with pre-filing services to help avoid tax
This combination of factors should help reduce the cost and duration of
IRS examinations, Brazzil said.
Leading the Retailers, Food and Pharmaceuticals group will be Brazzil, who
is licensed as a Certified Public Accountant. He began his IRS career as a
revenue agent in St. Louis. He held various management positions in St.
Louis, Kansas City, Chicago and Baltimore before being selected for the IRS
Executive Selection and Development Program. Most recently, Brazzil served as
director of the IRS Illinois District.
Reporting to Brazzil will be two field directors in Chicago and Southern
California. Workers will be based from coast-to-coast to deal with the
retailers, food and pharmaceutical industry sections.
Besides Retailers, Food and Pharmaceuticals, LMSB will be divided into
four other special industry segments. In all, LMSB will serve 210,000
corporations and partnerships with at least $5 million in assets.
The change is part of the IRS's shift from a geographic-based organization
to a customer-focused agency built around the specialized needs of taxpayers.
In all, the IRS will create four Divisions, each dedicated to serving a
specific group of taxpayers. Besides LMSB, the IRS will be divided between
the Tax Exempt and Government Entities Division; the Small Business and Self-
Employed Division; and the Wage and Investment Division serving individual
SOURCE Internal Revenue Service