TAX2520. IRS Enforcement Priorities Impacting Your Clients, and Maybe You

The former IRS commissioner and former counselor to the IRS commissioner will provide practical context for the current IRS enforcement priorities and challenges ahead. The IRS has billions of dollars in supplemental long-term funding to implement an array of new and expanded enforcement programs. Practical advice based on decades of private practice and internal IRS experience focused on various IRS compliance campaigns targeting the use of business aircraft, issues regarding digital assets and similar, Syndicated Conservation Easements, micro captive insurance arrangements, Private Placement Life Insurance, Puerto Rico Act 60 and related topics will be the focus of this session. Additionally, the presenters will offer advice “from the tax trenches” on current and anticipated future IRS enforcement efforts.

Learning Objectives:

• Recall current IRS enforcement priorities, defensive strategies, and dispute resolution strategies.
• Recognize the significance of current IRS compliance campaigns and being prepared for examinations by specialized IRS examiners.
• Identify responses to IRS inquiries regarding taxpayers involved in complex transactions.
• Recognize IRS enforcement efforts and the challenges ahead.