With tens of billions of dollars in recent funding, the Internal Revenue Service is set to use this new budget on compliance enforcement and bridging the tax gap. Dawn Rhea, partner, Tax Controversy, explores how the IRS is approaching its goals, as well as how this will affect IRS audits, especially for high-net-worth individuals. https://lnkd.in/eTrD9g7B
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Principal, Jackel Tax Law; Contributor Tax Notes; Elected Member, American Law Institute (ALI); Fellow, American College of Tax Counsel (ACTC); Member DC, NYSBA, ABA tax sections; Special Tax Advisor.
Changing IRS leadership positions is all well and good. But where are the changes at IRS Chief Counsel, such as a new and separate partnership tax division? See https://lnkd.in/eBgKWYb3, arguing for a new and separate partnership tax law division at IRS Chief Counsel, and https://lnkd.in/eks9wVtT for a discussion of a systemic failure at the IRS due to how the Treasury leadership processes public guidance. Tax Notes
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Watch Kaplan's insightful FMN August course on the complexities of the tax code and IRS interactions. Melissa Wiley, Tax Partner with Lowenstein Sandler, joins us to shed light on strategies for understanding tax obligations, preparing precise returns, and navigating IRS inquiries. Stay informed and learn how to achieve the best outcomes for your clients when working with the IRS. #TaxCode #IRS #TaxCompliance #IRSExaminations Melissa Wiley
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In the face of the IRS's increased enforcement funding, understanding its impact is crucial. Join our upcoming webcast on March 12 to gain valuable insights on this important shift in the tax landscape. Register Now! #IRS #EnforcementFunding #TaxInsights
How to prepare for increased transfer pricing enforcement: Dbriefs webcast
www2.deloitte.com
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Will You Escape the Dreaded IRS Audit: # 436 - Listen Here: https://bit.ly/ylyw-436 There have been reports that the IRS has strengthened its enforcement efforts. With this year’s tax filing deadline quickly approaching, John Walker, Regional Vice President, Mercer Advisors, is joined by Mercer Advisors’ Tim Joseph CERTIFIED FINANCIAL PLANNER ™ professional and CPA. They address several frequently asked questions about IRS audits. Plus, Tim shares a few tax filing tips to keep in mind. #irsaudit #taxaudit #taxtips #incometax
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Helping high-stress physicians enjoy life while their health, wealth, and time are at their peaks.
After maybe too much studying and a few tests, I have met the requirements to be an Enrolled Agent with the IRS. Per the IRS, "Enrolled Agent status is the highest credential the IRS awards." I pursued this designation so I could provide better tax planning advice to my select clients. #taxes #taxplanning #physicianburnout #wealthmanagement
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Do you want learn about common errors that small businesses have, what small businesses see, and issues that prevent small businesses from complying with IRS, Tax laws, and working with the IRS? Join us on Tuesday, May 21. Register NOW! https://lnkd.in/g3KxbY6u
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🎥 Webinar Rewind 🎥 Last week, Rachel Libowitz, Senior Tax Advisor, and Rich Porterfield, Director of Accounts, hosted a webinar about understanding #taxcompliance and leveraging federal tax deposits to proactively address potential #IRS exposure. Check out the #webinar recording to uncover how to protect your funding from surprise IRS penalties and walk away with effective strategies to resolve tax issues and safeguard your bottom line. Watch the full video here: https://lnkd.in/gWmXDfd6
Back to Basics: Understanding Tax Compliance to Identify Exposure to the IRS
register.gotowebinar.com
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Eileen Sherr, AICPA's Director of Tax Policy & Advocacy, is at the forefront of simplifying tax regulations. Last week, the AICPA submitted recommendations to the U.S. Treasury and IRS to clarify the tax classification of purpose trusts. These recommendations aim to streamline filing processes, reduce administrative burdens, and provide clarity to taxpayers and practitioners. 🔍 How should purpose trusts be taxed? #TaxPolicy #AICPA #IRS #TaxClassification #PurposeTrusts #TaxRegulations #TaxSimplification #TaxCompliance #IRSRecommendations #TaxReform
AICPA Provides Comments on the Tax Classification of Purpose Trusts
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In the face of the IRS's increased enforcement funding, understanding its impact is crucial. Join our upcoming webcast on March 12 to gain valuable insights on this important shift in the tax landscape. Register Now! #IRS #EnforcementFunding #taxinsights
How to prepare for increased transfer pricing enforcement: Dbriefs webcast
www2.deloitte.com
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⚠️ Tax Alert for High-Income Individuals The IRS has launched a significant initiative targeting high-net-worth individuals. 🎯 If you haven't filed federal tax returns since 2017, you may be in the IRS's sights. Act now to avoid accruing further interest and penalties after receiving a CP-59 Notice. Our seasoned experts specialize in navigating IRS controversies and can assist you in reducing assessed tax, interest and penalties. Reach out today for personalized assistance with your IRS response: https://ow.ly/AXz030sB590 #IRS #HighNetWorth #TaxAdvisory
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