LIFE (Limited Issue Focused Examinations)

The IRS defines, "The IRS Large Business and International (LB&I) Division has implementated a new steamlined examination process called Limited Issue Focused Examination or LIFE examination, the taxpayer and examiner work together on the most significan issues on the tax return. This should result in a more focused examination and reduce resourse utilization. LIFE is an effort by LB&I to institutionalize "best practices" and provide consistency in the treatmeant of taxpayers."