IRS Developing Recurring List of Suspect Tax Schemes

The IRS plans to more regularly flag suspect tax schemes for taxpayers and their advisers, according to Lois Deitrich, who leads the agency’s Office of Promoter Investigations.

• The new recurring list of possible tax shelters and other possibly illegal maneuvers will be issued in addition to the agency’s annual “Dirty Dozen,” which identifies common scams.
• “You’re going to see that other list come out more than yearly and that will be something I think that will be helpful to practitioners because they tend to be more complex schemes,” Deitrich said during a virtual conference hosted by ...