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IRS Targeting Noncompliant Qualified Opportunity Funds and Their Investors

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

IRS to Begin Examination of Hundreds of High-Wealth Individuals Starting July 15

The Internal Revenue Service ("IRS") announced that as soon as it reopens its collection and examination functions on July 15, it will immediately begin the examination of hundreds of high-income individuals and private...more

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