HILL TAX BRIEF: Art Tax Write-offs Get Boosted IRS Scrutiny

The IRS is putting art write-offs under the microscope in its growing enforcement efforts to rein in tax schemes.

The agency’s efforts to crack down on people inflating art valuations to reap a larger deduction is a sign the gambit is becoming more common. It signals another way the IRS is using billions in tax-and-climate law funds to take a tougher stance on some wealthy Americans’ bids to lower their tax bills.

IRS Commissioner Danny Werfel broadly touted his agency’s strides on using the tax-and-climate law funds to Senate lawmakers last week as it boosts enforcement on high-earners and provides ...