IRS Appoints Zelnik to New Role Focusing on Abusive Transactions

Washington (Aug. 16, 2004) -- The Internal Revenue Service Office of Chief Counsel has named Jonathan Zelnik as acting senior counsel to the chief counsel, serving as the primary advisor on abusive tax transactions to the chief counsel.

As senior counsel, Zelnik works with the IRS and the Treasury Department's Office of Tax Policy to identify, analyze and issue timely administrative guidance to address abusive transactions.

Zelnik, who most recently was special counsel to the senior counsel, has worked for the IRS chief counsel since October 1994, starting in the office of the assistant chief counsel for financial institutions and products. He later became the senior legal counsel for corporate tax shelters, in the office of the division counsel for large and midsized business.

"Halting the promotion and use of abusive tax schemes is one of my top priorities," IRS chief counsel Donald Korb said. “The senior counsel will play a key role as my principal advisor in achieving this goal.”

To date, the IRS and the Treasury have identified 31 listed tax transactions -- potentially abusive schemes that must be disclosed to the IRS.

-- WebCPA staff

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