Tax Controversy & Financial Crimes Report

Readers Choice

July 2019

Latest from Tax Controversy & Financial Crimes Report

In the midst of Congressional consideration of the administration’s FY2026 budget request for the Internal Revenue Service (which was ultimately approved on February 3, 2026), a group of U.S. Senators is raising questions about fairness in tax enforcement.  Ten Senators, nine Democrats and one Independent, are questioning whether recent workforce reductions and funding decreases are

The IRS issued a news release today announcing a continued and more focused use of Artificial Intelligence (AI) to audit partnerships, large corporations and alleged tax shelter promoters. The news release follows Commissioner Werfel’s recent comments that “complex structures and tax issues present in large partnerships require a focused approach to best identify the highest