In a significant move, the Internal Revenue Service (IRS) has announced a shift in its audit focus, targeting large partnerships and high-income taxpayers. This decision comes in the wake of the Inflation Reduction Act funding,…

As a tax attorney with 20 years of experience, I’ve witnessed firsthand the intricacies and surprises associated with the IRS and gambling. When big wins occur, so do the taxes. And when the losses mount,…