IRS Aims to Stop Abusive Schemes from Gaining Traction

The IRS is seeking to prevent new, potentially abusive transactions from gaining traction with taxpayers. Early this year, the agency launched a group, called the Joint Strategic Emerging Issues Team, so that representatives from a wide range of IRS offices can collaborate to quickly identify areas where there's a high risk of noncompliance and determine how best to address these issues. On this episode of Talking Tax, we speak with two IRS officials involved in the team: Benjamin Swartz, senior adviser to the commissioner of the Small Business/Self-Employed Division, and Holly Porter, associate chief counsel for passthroughs and special industries. Swartz and Porter discuss the goals of JSEIT, the makeup of the team, and the types of issues the group is focusing on. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.