On April 12, 2022, the Internal Revenue Service announced that starting this month, it will send letters to taxpayers requesting that they take corrective actions related to the reporting of investments in qualified...more
4/21/2022
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Corrective Actions ,
Enforcement Priorities ,
Income Taxes ,
IRS ,
Noncompliance ,
Opportunity Zones ,
Qualified Opportunity Funds ,
Real Estate Investments ,
Tax Cuts and Jobs Act ,
Tax Liability ,
Tax Planning ,
Tax Returns
The IRS continues to expand its enforcement activities, announcing a new compliance campaign to examine large businesses with issues arising out of the TCJA and CARES Act.
The IRS Large Business and International ("LB&I")...more