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IRS Forms Task Force to Address Abusive Transactions

June 23, 2022, 6:01 PM

IRS officials are emphasizing the agency’s efforts to curb abusive transactions.

The agency has created a task force, called the Joint Strategic Emerging Issues Team, for representatives from across the agency to discuss potentially abusive transactions. The team is tasked with collaborating on how to address the potentially abusive transactions and how the IRS should prioritize its resources, officials said at a conference hosted by New York University on Thursday.

The team includes representatives from many divisions within the IRS, including the Office of Chief Counsel, Office of Fraud Enforcement, Criminal Investigation Division, Large Business & International Division, Small Business/Self-Employed ...