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IRS Targets Owners of Professional Sports Franchises Regarding Tax Reporting

Basketball just wrapped up its season and hockey is in the last period of its season, but there is no summer vacation for the IRS Large Business and International (LB&I) division. The IRS recently announced a new enforcement...more

IRS Announces Sweeping Enforcement Effort Targeting Partnerships

The IRS announced a "sweeping" and "historic" enforcement effort focused on partnerships and is establishing a special group within its Large Business and International (LB&I) Division to focus exclusively on large and...more

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