IRS PLANS TAX SHELTER CRACKDOWNWashington, D.C. — Internal Revenue Service Commissioner Douglas Shulman promised to continue enforcement efforts against tax shelters.

“In the first phase, the IRS aggressively rooted out abusive tax shelters and brought some significant cases,” said Shulman in recent remarks before the American Bar Association. “In the next phase, a number of taxpayers acknowledged that participating in these shelters was a mistake and settled. In this new phase, we have pursued those holdouts who chose not to settle, and the cases are working their way through the courts.”

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access