IRS Accused of Backdating Penalty Approvals in Crackdown on Conservation Easement Tax Breaks theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
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.
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…