Is ‘Corporate America’ Looking at Increased Tax Enforcement? by STEVEN TOSCHER, SANDRA BROWN and GARY MARKARIAN
Recent changes in federal tax law, along with announcements from the Internal Revenue Service (IRS), have provided more than subtle signals that the federal taxing authorities are looking to increase their focus on big business, sometimes referred to as ‘Corporate America’. Signs can be gleaned from provisions included in the recently passed Taxpayer First Act (TFA), focus areas announced by the IRS’s large business and international (LB&I) division’s current campaign lists, significant changes in IRS leadership, and last but not least, a continuing trend of increasing IRS enforcement budgets.
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