STEVEN TOSCHER, MICHEL STEIN and CORY STIGILE to Speak on IRS High-Wealth Examinations: IRS Wealth Squad, Targeted Issues, Preparation, IDRs, Appeals, and Litigation
We are pleased to announce that Steven Toscher, Michel Stein and Cory Stigile will be speaking at the upcoming Strafford webinar, on “IRS High-Wealth Examinations: IRS Wealth Squad, Targeted Issues, Preparation, IDRs, Appeals, and Litigation” on Thursday November 4, 2021, 10:00 a.m. – 11:50 a.m. (PST).
The IRS Large Business and International Division is auditing high net worth individuals and their related entities, including partnerships, S corporations, trusts, and private foundations. The Wealth Squad, a relatively new, highly-trained division of the IRS, is conducting these audits.
These examinations will target recently enacted and complex areas of taxation, including:
- Section 199A Qualified Business Income Deduction
- Section 163(j) Business Interest Deduction Limitation
- Section 965 Repatriation of Previously Untaxed Foreign Earnings
- Section 172 Net Operating Loss Deduction Refund Claims
- Required foreign reporting of trusts, bank accounts, assets, etc.
Although targeting specific areas, these are comprehensive audits covering most aspects of a taxpayers’ tax return. Tax professionals working with high-wealth clients need to prepare for potential examinations and understand how to represent these taxpayers.
Listen as our panel of tax experts provides the latest information on these comprehensive audits, including the IRS selection process, information document requests, supporting documentation, audit adjustments, appeals, and litigation.
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 email@example.com.
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