On April 19, 2021, the IRS announced the establishment of a new Office of Promoter Investigations (OPI). The creation of OPI demonstrates the IRS’s commitment to pursuing promoters and combating
Continue Reading IRS Establishes Office of Promoter Investigations with Emphasis on Conservation Easements and Micro-captive Insurance Arrangements

Taxpayers that have engaged in cryptocurrency transactions should be aware that the Internal Revenue Service is seeking customer records from cryptocurrency exchanges. The Department of Justice recently filed petitions in
Continue Reading IRS Actively Seeking Information Regarding Cryptocurrency Via John Doe Summonses

On Jan. 7, 2021, the Department of Treasury and IRS issued final regulations (the Regulations) that provide guidance to the “carried interest” rules under Section 1061 of the Internal Revenue
Continue Reading 3-Year Holding Period Rule for ‘Carried Interests’ Addressed in IRS Final Regulations

On Feb. 17, GT Global Tax Practice Co-Chair Barbara Kaplan presented on a New York County Lawyers Association (NYCLA) Pro Bono Programs webinar, “IRS Initiatives Promoting Diversity, Inclusion and Elimination
Continue Reading Barbara Kaplan Presents on NYCLA Panel ‘IRS Initiatives Promoting Diversity, Inclusion and Elimination of Bias’