Hot IRS Audit Issues: More Money (For Them), More Problems (For Your Clients)?

Three tax attorneys from the multistate law firm of Bradley Arant Boult Cummings LLP will explore recent trends in IRS examinations and proposed areas that the IRS intends to examine, precipitated by the agency’s significant funding boost coming out of the 2022 Inflation Reduction Act. The IRS’s newly found cash is being used to strategically target high-income individuals, partnerships, small to mid-size businesses, and other areas of perceived non-compliance. Our panel of former IRS trial attorneys will discuss what they are seeing in real-time as the IRS sharpens its focus in these areas.

Topics to be covered include:

1. The IRS’s business aircraft audit initiative
2. Related-party basis rules
3. Listing notices certain for CRATs, Malta Pensions, and monetized installment sales
4. The IRS’s focus on partnerships and their partners, including self-employment tax issues

For more information, view the event details.