The Internal Revenue Service’s Large Business & International Division has announced another compliance campaign, its 64th such campaign since the first set of campaigns was unveiled in 2017. This latest
Continue Reading Internal Revenue Service’s LB&I Division Announces Compliance Campaign Focused on TCJA
Internal Revenue Service (IRS)
Upcoming Webinar: Federal Tax Enforcement in the Age of COVID-19
By Matthew D. Lee on
On Tuesday, April 21, 2020, at 9:30 a.m. ET, Fox Rothschild partner Matthew D. Lee will present a webinar entitled “Federal Tax Enforcement in the Age of COVID-19.” The COVID-19…
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Internal Revenue Service Extends More Critical Tax Deadlines to July 15, Including Time Limits for Filing Refund Claims and Tax Court Petitions
By Matthew D. Lee on
Providing additional relief to taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service has extended a wide array of key tax deadlines for individuals and businesses to July 15,…
Continue Reading Internal Revenue Service Extends More Critical Tax Deadlines to July 15, Including Time Limits for Filing Refund Claims and Tax Court Petitions
IRS Postpones FATCA Reporting Deadline for Foreign Financial Institutions Due to COVID-19
By Matthew D. Lee on
In response to the COVID-19 pandemic, the Internal Revenue Service has agreed to extend many deadlines. One such extension affords foreign financial institutions more time to file Form 8966. Form…
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Internal Revenue Service Issues Evacuation Order Directing Virtually All Employees to Work Remotely Starting March 30
By Matthew D. Lee on
The Federal News Network is reporting that the due to the coronavirus pandemic, the IRS issued an evacuation notice Friday afternoon directing that nearly all of its employees work from…
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Treasury Secretary Announces Federal Tax Filing Deadline Extended to July 15 Due to COVID-19
By Matthew D. Lee on
Treasury Secretary Steven Mnuchin announced on Twitter this morning that the April 15 tax filing deadline has been extended to July 15 due to the health crisis caused by the…
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IRS Continues Pressure on Syndicated Conservation Easements
By Matthew D. Lee on
The Internal Revenue Service is urging taxpayers involved in syndicated conservation easement transactions to consult with their tax advisors following a recent U.S. Tax Court decision. The IRS also plans…
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IRS Steps Up Scrutiny of Micro-Captive Insurance Transactions
By Matthew D. Lee on
The Internal Revenue Service has announced an overwhelming acceptance rate for a time-limited settlement offer made to certain taxpayers under audit who participated in abusive micro-captive insurance transactions. Nearly 80%…
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IRS Ramping Up Cryptocurrency Enforcement Efforts With “Educational” Letters
By Matthew D. Lee on
The Internal Revenue Service announced today that it has begun mailing what it calls “educational letters” to taxpayers with cryptocurrency transactions who potentially failed to report income and pay the…
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59 and Counting: IRS LB&I Announces Six More Compliance Campaigns
By Matthew D. Lee on
Earlier this week, the Internal Revenue Service’s Large Business & International Division announced six more compliance campaigns, bringing the total number of campaigns announced to date to a whopping 59.
Continue Reading 59 and Counting: IRS LB&I Announces Six More Compliance Campaigns