GT's Sharon Katz-Pearlman will speak at PLI's Nuts and Bolts of Tax Controversy on the panel "IRS Structure, Processes and Procedures: An Overview" on March 27, 2023.
In August of 2022, President Biden signed into law the Inflation Reduction Act (“IRA”), which allocates more than $80 billion in long-term funding to the IRS on top of its regular annual appropriations. More than $45 billion of this additional funding is earmarked for “enforcement,” broadly defined to include a range of activities intended to ensure compliance with the federal tax law. As a result, in-house and outside tax practitioners at law and accounting firms are likely to encounter an uptick in` tax enforcement in the coming years.
For tax practitioners seeking a deeper understanding of the nuances of representing your clients in tax controversies, PLI is delighted to present this new half-day program in which leading experts will help you navigate the evolving post-IRA tax enforcement and compliance environment.
What You Will Learn
- After completing this program, participants will be able to:
- Anticipate potential federal tax controversy issues before they arise
- Assist taxpayers in understanding the compliance and enforcement risks associated with uncertain tax reporting positions and in taking steps to mitigate those risks
- Effectively resolve issues in the IRS examination and administrative appeal process