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ROBERT HORWITZ and JONATHAN KALINSKI to Speak at Upcoming Strafford Webinar

We are pleased to announce that Robert Horwitz and Jonathan Kalinski will be speaking at the upcoming Strafford webinar “IRS’ Current Audit Campaign: Preparing for Large Partnership, Complex PTE, and HNW Taxpayer” Tuesday, February 27, 2024, 10:00 a.m. – 11:50 a.m. (PST).

In Notice 2023-166, the IRS announced its shift in focus from working-class taxpayers to wealthy taxpayers. With funds supplied by the Inflation Reduction Act, the IRS is concentrating its attention on large corporations and partnerships, high-income earners, and abusive tax avoidance promoters.

Within the notice, the IRS explained that a “major expansion in high-income/high wealth and partnership compliance work” is a key element of the new campaign. Specifically included are taxpayers with income above $1 million and more than $250,000 in tax debt, and partnerships with over $10 million in assets with ongoing balance sheet discrepancies. Perhaps the greatest cause of unrest is the IRS’ statement that its compliance team will use AI to aid in these examinations.

The IRS established a new division within its Large Business and International Division to assist with these audits. This new IRS unit will take a broader look at all complex partnerships. With the heightened reporting requirements for these flow-through entities, PTE practitioners and owners need to be wary but ready for the IRS’ latest campaign.

Listen as our panel of notable federal tax litigation experts analyzes the IRS’ current enforcement efforts and steps partnerships and high net worth individuals must take to prepare.

We are also pleased to announce that we will be able to offer a limited number of complimentary and reduced cost tickets for this program on a first come first serve basis. If you are interested in attending please contact Sharon Tanaka at sht@taxlitigator.com.  

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