The IRS has been extremely vocal about its intensifying scrutiny of ERC claims, with IRS Commissioner Werfel declaring at yesterday’s IRS Nationwide Tax Forum that the IRS is “increasing audit and investigative activities...
Author: Meadows Collier
An Unexpected IRS Enforcement Initiative: IRS Adds “Cost of Goods Sold” to Audit Compliance Campaign
August 9, 2023
The IRS is seemingly moving from the exotic back to plain vanilla, announcing a compliance campaign focused on taxpayers that may have inflated their reported cost of goods sold to reduce their taxable income. The IRS gave no...
Meadows Collier participated in the 2023-2024 Cristo Rey Dallas Draft Day on Thursday, August 3, 2023. Meadows Collier has been a Cristo Rey Dallas Corporate Work Study Partner since the program’s inception. Students...
Making a List and Checking it Twice: IRS Identifies Monetized Installment Sales as Listed Transactions
August 3, 2023
In proposed regulations released today, the IRS has identified monetized installment sales as listed transactions. You probably have questions – herein you will find some answers. What is a monetized installment sale?...
IRS Agents Getting Too Big For Their Britches
July 20, 2023
By Joel N. Crouch, Blog
My mother was born and raised in the New England area, but spent the majority of her adult life in Texas. She quickly adopted southern phrases and words, like “don’t forget your raisin’”, “ya’ll”, “he’s got...