Washington (Feb. 13, 2003) -- Internal Revenue Service officials announced the creation of a new senior executive position within the Office of Chief Counsel to focus on potentially abusive tax avoidance transactions. Washington attorney Nicholas J. DeNovio has been selected to fill this post.DeNovio will work with IRS personnel on early identification and interdiction of abusive tax avoidance transactions through various sources, including review of disclosure statements, tax shelter registrations, and information from taxpayer and promoter examinations.
"The establishment of this new, senior executive position, reporting directly to me, reaffirms our continuing commitment to address the problem of abusive tax avoidance transactions," said IRS Chief Counsel B. John Williams, Jr. "We are committed to more swiftly identifying and interdicting abusive transactions. "
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