June 06, 2000
New IRS Section to Help Natural Resources Industry
WASHINGTON - As part of its comprehensive reorganization, the Internal
Revenue Service has created a new section to work with corporations and partnerships
in the natural resources industry.
The Natural Resources section -- one of five in the Large and Mid-Size Business
Division (LMSB) -- will be headquartered in Houston and will serve 1,300 large
businesses and 16,100 mid-sized businesses nationwide. This sector includes such
industries as petroleum, mining, forest products, utilities and chemical engineering.
"We expect to see significant growth in these industries from overseas activities
and mergers among utilities, giving rise to very complex tax issues. The new IRS
structure will let us build a more specialized, responsive approach to these industries,"
Industry Director Bobby Scott said Tuesday. "This will give us greater expertise and
enable us to improve our service to these taxpayers."
Like the rest of LMSB, Natural Resources will embrace an innovative approach
to resolve taxpayer issues earlier and streamline the tax dispute process to reduce
burdens on business, Scott said. The organization will also assist taxpayers with pre-filing
services to help avoid tax disputes. This combination of factors should help
reduce the cost and duration of IRS examinations, Scott said.
Scott began his IRS career as a revenue agent in Houston in 1972, and he has
held a variety of management and executive positions in the agency. He was the
Regional Chief Compliance Officer for the Southeast Region, in Atlanta, when he
received his assignment as Natural Resources Industry Director.
Reporting to Scott will be two field directors in Houston and New Jersey. The
natural resources section will have more than 900 employees throughout the country.
The change is part of a sweeping IRS reorganization to transform the agency
from a geographic-based organization to a customer-focused one built around the
specialized needs of taxpayers. In all, LMSB will serve the 210,000 corporations and
partnerships that have at least $5 million in assets. The other three IRS operating
divisions are the Tax Exempt and Government Entities Division; the Small Business
and Self-Employed Division; and the Wage and Investment Division, which will serve
most individual taxpayers.
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