Bloomberg Tax
June 19, 2020, 7:57 PM

IRS Scrutiny of Tax Abuse Promoters Includes Lawyers, Appraisers

Aysha Bagchi
Aysha Bagchi
Reporter

The IRS plans to look increasingly at “professional enablers” as it tries to combat transactions that are high-priority target areas, an official said.

The agency is broadening its “overall view of promoters to include what is known as the professional enablers that might not normally fall within what people might think of as the traditional” people the IRS pursues for promoting abusive tax shelters, said Brendan O’Dell, promoter investigations coordinator at the IRS. Such enablers include accountants, lawyers, and appraisers, he said Friday on a webinar hosted by the NYU School of Professional Studies.

  • O’Dell said a lot of ...

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