IRS audit rate significantly increase as income rise
By Deputy Commissioner Sunita Lough Few things can generate as much taxpayer concern, confusion and controversy as an IRS audit.…
Why am I being selected for an IRS audit?
IRS audit From website IRS Audits | Internal Revenue Service An IRS audit is a review/examination of an organization's or…
Major/Minor Tax Avoidance Using Offsetting Foreign currency Option Contracts
From Listed Transactions | Internal Revenue Service (irs.gov) Notice 2003-81 PDF - Offsetting Foreign Currency Option Contracts (certain transactions in which a taxpayer claims…
Partnership Straddle Tax Shelter
From Listed Transactions | Internal Revenue Service (irs.gov) Notice 2002-50 PDF– Partnership Straddle Tax Shelter (transactions involving the use of a straddle, a…
IRS’ 2022 “Dirty Dozen” list of tax scams
WASHINGTON — The Internal Revenue Service today warned taxpayers to steer clear of abusive tax avoidance schemes and the unscrupulous…
IRS takes next step on abusive micro-captive transactions
abusive micro-captive transactions WASHINGTON — The Internal Revenue Service announced today the overwhelming acceptance of a time-limited settlement offer made…