Niles Elber Addresses IRS Examinations at NYU Tax Controversy Forum 

Secretary Yellen and the IRS have made it clear that increased audits and additional resources will focus on US taxpayers with annual income of more than $400,000, targeting "high-end noncompliance" involving wealthy individuals, large corporations, complex pass-through entities, and exempt organizations. IRS Large Business & International, working with other IRS operating divisions, are investing resource in these efforts and announcing new compliance campaigns including but not limited to corporate jet deductions, art donations and sports industry losses. This panel of expert practitioners provides an overview of the IRS high-end enforcement efforts, issues being raised in related audits and investigations, and best practices in defending your clients.