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STEVEN TOSCHER to Speak at Upcoming Florida Tax Institute on Increased IRS Exam Activity on High Wealth Taxpayers and Their Investment Structures – March 11, 2021

We are pleased to announce that Steven Toscher, along with Fred Murray, Deborah Palacheck and Clifford Scherwinski will be speaking at the upcoming Florida Tax Institute webinar, “Increased IRS Exam Activity on High Wealth Taxpayers and Their Investment Structures” on Thursday, March 11, 2021, 9:25 a.m. – 10:25 a.m. (PST).

The IRS has again increased its focus on examinations of high-wealth individuals. Each review is expected to include the individual tax return of the sophisticated taxpayer as well as related returns such as partnerships, foundations, trusts, and other business entities. Similarly, the IRS has recently announced a number of other new audit campaigns and initiatives, including one on October 5, 2020, that will examine Nonresident Aliens who receive rental income from U.S. real property, and on September 14, 2020, one intended to increase FIRPTA voluntary compliance in connection with the withholding of tax and reporting obligations on the disposition of U.S. real property interests through issue-based examinations and external education. The panel will discuss these and other current developments and also discuss the IRS new Office of Fraud Enforcement and their implications for high wealth foreign and domestic taxpayers.

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