Holtz, Slavett & Drabkin tax attorney, principal, and shareholder David J. Warner will be co-presenting a Strafford webinar entitled “IRS New S Corporation Initiative: Losses in Excess of Basis, Taxable Distributions, Handling the Examination” on Wednesday, March 2, 2022, at 10:00 a.m. Pacific time.

The IRS is focusing on S corporations as one of the main ways to increase tax compliance and lower the tax gap. The IRS is especially interested in issues surrounding shareholder basis, taxable distributions, and losses. In this presentation, David and Josie Harris-Walton of the Walton Firm will discuss the current focus of the IRS, the new IRS Form 7203, and how to navigate through these complex audits. To register for this webinar, please click here.

David J. Warner practices in all aspects of tax controversy including tax audits, collection defense, and tax litigation. Before joining Holtz, Slavett & Drabkin, David was a Senior Trial Attorney with the IRS Office of Chief Counsel in Laguna Niguel for 9 years. As an IRS attorney, he handled over 500 cases before the U.S. Tax Court, including the most complex cases involving S corporations and partnerships. As is relevant to this presentation, David was a founding member of the IRS Southwest Area Partnership Cadre that advised IRS revenue agents on audits involving S corporation issues, and David also trained hundreds of IRS lawyers on S corporation tax issues. David was an Adjunct Professor of Law at University of California Irvine School of Law, Chapman University Fowler School of Law, and Loyola Law School, where he taught courses on tax practice and procedure, partnership tax, bankruptcy tax, and corporate tax.

Holtz, Slavett & Drabkin, APLC is a tax controversy and tax litigation law firm consisting of former IRS trial attorneys. We represent taxpayers in all aspects of tax disputes with the IRS and state tax authorities, including IRS audits. To schedule a consultation, please contact us at (949) 999-6606.