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From the Tax Law Offices of David W. Klasing - New IRS Unit Targets High-Income Individuals and Pass-Through Entities

From the Tax Law Offices of David W. Klasing - New IRS Unit Targets High-Income Individuals and Pass-Through Entities
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IRS Targets High-Income Compliance with New Special Unit

The IRS amplifies high-income tax compliance oversight with a specialized unit for complex pass-through entities to reinforce tax regulations. ....

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IRS Establishing New Unit to Crack Down on Tax Dodging by Pass-Throughs

IRS Establishing New Unit to Crack Down on Tax Dodging by Pass-Throughs
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IRS establishes new pass-through division to tax high earners

The Internal Revenue Service (IRS) is setting up a new division with the billions in new funding it received in the Inflation Reduction Act to go after uncollected taxes sheltered in companies that pass their tax liability through to their individual owners. These kinds of businesses are known as “pass-through entities” and often take the… ....

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IRS Announces Next Steps In Plans To Focus On Pass-Throughs, Including Complex Partnerships

The IRS has announced plans to establish a special pass through organization to focus on large or complex pass-through entities. ....

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