by David J. Warner | Aug 6, 2021 | Audit, Internal Revenue Service
The Internal Revenue Service (IRS) is increasing audits (also called examinations) to close the “Tax Gap.” The Tax Gap equals the difference between the amount of tax that should be owed by taxpayers and the amounts actually paid by taxpayers. The Internal Revenue... 
by David J. Warner | Jul 30, 2021 | Audit, Internal Revenue Service
The Internal Revenue Service (IRS) has made auditing partnerships and S corporations one of its top priorities. In the past, the IRS audit rate for partnerships and S corporations has been very low—around 0.05% (or one out of every 200 returns). This audit rate is... 
by Michele Weiss | May 12, 2021 | Internal Revenue Service, Tax Collection
The IRS is strengthening its efforts to pursue fraudulent and/or tax avoidance transactions with the establishment of the Office of Promoter Investigations. On April 19, 2021, the IRS announced the appointment of Lois Dietrich to the position of Acting Director. IRS... 
by Michele Weiss | Feb 23, 2021 | Firm News, Internal Revenue Service
Michele F.L. Weiss, Senior Counsel at Holtz, Slavett & Drabkin, will be speaking at the California Lawyers Association, Women in Tax Committee meeting on February 26, 2021. Michele will be presenting on the topic: “IRS Campaigns: Syndicated Conservation Easements... 
by David J. Warner | Feb 10, 2021 | Firm News, Internal Revenue Service
Holtz, Slavett & Drabkin tax attorneys Michele F.L. Weiss and David J. Warner will be speaking at the Tax Section of the San Fernando Valley Bar Association (SFVBA) webinar meeting on Tuesday, February 16, 2021. Michele and David will be presenting on the topic... 
by Gary Slavett | Jan 29, 2021 | Firm News, Internal Revenue Service
Holtz, Slavett & Drabkin tax attorneys Gary M. Slavett, David J. Warner, and Michele F.L. Weiss will be speaking at the Tax Section of the Orange County Bar Association (OCBA) webinar meeting on Thursday, February 11, 2021. We will be presenting on the topic “IRS...