Tax Impacts
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April 9, 2024
|3 min read
Taking Aim: IRS’s Compliance Campaign Makes Sports Industry Target of Enforcement Measures
September 14, 2023
|6 min read
Tax Court Reproach of “Cut-and-Paste” Notice Another Blow to IRS Documentation Credibility
A Tax Court Memorandum Opinion expressing no confidence that a “slipshod-cut-and-paste” notice of deficiency was the version of the notice actually sent to the taxpayer is the latest in a string of rebukes from the Court and Congress questioning the IRS’s ability to retain credible and complete records.
September 13, 2023
|4 min read
IRS Announces Increased Scrutiny of High-Income Taxpayers, Partnerships, Corporations, and Promoters
On September 8, 2023, the IRS announced that it will start a “sweeping, historic effort to restore fairness in tax compliance” by focusing its attention on high-income taxpayers, partnerships, large corporations, and promoters.
April 17, 2023
|7 min read
The IRS outlined seven initiatives it seeks to accomplish in furtherance of its goal outlined within Objective Three.
April 7, 2022
|4 min read
In response to TIGTA’s final report, issued on February 7, 2022, the IRS has agreed to issue notices to potentially noncompliant opportunity zone (OZ) funds and investors.