Mid-Year Report on IRS Audits, Announcements and Other Activity
The IRS is tackling a major new tax law, adjusting to changes in leadership and managing its technology issues all to serve the interests of America’s taxpayers and the interests of the Federal Government. The presenters reviewed highlights from recent announcements about audit campaigns, IRS examination statistics, potential new audits of cryptocurrency accounts and the closing of certain offshore bank account disclosure programs. The presenters also looked at recent legislation, cases, and IRS announcements that can impact how IRS examines partnerships or assesses penalties. News important to every taxpayer.