What You Have to Know
- The positions will probably be obtainable in additional than 50 places.
- Abusive syndicated conservation easement offers and micro-captive insurance coverage preparations are two areas of focus.
- New hires will assist the IRS handle its rising caseload in its multi-year effort to stamp out abusive schemes.
The Inner Income Service’s Workplace of Chief Counsel mentioned Friday that it plans to rent as much as 200 extra attorneys to assist the company fight tax schemes.
IRS Commissioner Chuck Rettig mentioned in a press release that “combating abusive tax transactions that threaten to undermine our tax system stays a high precedence for our enforcement efforts.”
The IRS famous that “promoters have been notably lively creating and advertising tax shelter schemes that purportedly allow taxpayers to keep away from paying what they legally owe.”
The brand new hires will assist the IRS handle its “rising caseload in its multi-year effort to stamp out these abusive schemes and make sure that these collaborating in them pay the tax they owe plus penalties,” the company mentioned.
What Your Friends Are Studying
The positions will probably be obtainable in additional than 50 places, together with Washington.
These employed will present authorized recommendation to IRS professionals as they conduct audits of advanced company and partnership points and more and more refined and abusive transactions, the IRS defined.
New hires “will work in quite a lot of areas, together with dealing with circumstances in the US Tax Court docket, in addition to serving on trial groups in our largest and most advanced trials involving reality and professional witnesses, depositions and multi-week trials,” the IRS mentioned.