June 06, 2000
IRS Specializes to Help Financial Services, Health Care Industry
WASHINGTON - As part of the Internal Revenue Service reorganization, the
agency has created a new section to work with the financial services and health-care
The IRSís new Large and Mid-Size Business Division (LMSB) will have a special
industry section devoted Financial Services and Healthcare. This section,
headquartered in Manhattan, will serve 5,000 large businesses and 41,600 mid-sized
This sector includes commercial banking, savings and loans, securities and
other financial services, health care and insurance.
"These industries face a whirlwind of growth and change, which gives rise to a
complex set of tax issues. The new IRS structure will allow us to build a more
specialized, responsive approach to these industries. This will help us build greater
expertise and improve service for these businesses," Industry Director David Robison
Like the rest of LMSB, Financial Services and Healthcare will embrace an
innovative approach to resolve taxpayer issues earlier and streamline the tax dispute
process to ease burdens on business, Robison 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, Robison said.
Financial Services and Healthcare will be headed by Robison, formerly the IRS
Assistant District Director in Manhattan. Robison began his career with the IRS in 1974
and held several high-level positions in the examination function before completing the
Executive Development Program in 1997.
Reporting to Robison will be three field directors in Manhattan, Chicago and
Southern California. Financial Services and Healthcare workers will be based from
Besides Financial Services and Healthcare, 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 a sweeping IRS reorganization to transform the agency
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 taxpayers.
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