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IRS Accused of Backdating Penalty Approvals in Crackdown on Conservation Easement Tax Breaks

IRS Accused of Backdating Penalty Approvals in Crackdown on Conservation Easement Tax Breaks
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IRS accused (again) of backdating penalty approval documents

With Republicans eager to cleave the agency of its new funding, it wouldn’t be great for the IRS if it were found to be cutting corners in its ramped-up enforcement efforts.

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IRS accused of backdating penalties

The Internal Revenue Service is accused of backdating proposed penalties against three businesses, according to filings with the U.S. Tax Court. According to tax court filings, the three businesses allege an IRS supervisor knowingly backdated approvals for proposed penalties against the three businesses. In a partnership known as a conservation easement, a landowner can give up…

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Form SC 13D/A Regional Management Corp Filed by: BASSWOOD CAPITAL MANAGEMENT, L.L.C.

Form SC 13D/A Regional Management Corp Filed by: BASSWOOD CAPITAL MANAGEMENT, L.L.C.
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