Estate and Gift Tax Audits: TIGTA Report Exposes Need for Improvement

by Attorney Patricia Weisgerber, LL.M.

While proposals for the eventual elimination of the estate tax are being hashed out in Congress, the IRS effort of auditing estate tax returns continues – business as usual. A recent report by the Treasury Inspector General for Tax Administration (TIGTA) highlighted areas where the IRS can improve their internal processes for auditing estate and gift tax returns. One of the goals of the report was to develop better mechanisms to ensure the IRS was focusing its resources on those that were the most “productive,” i.e., those estate and gift tax audits yielding the most in additional tax, penalties, and interest.

The report is somewhat technical. However, one overall theme which can be taken away from the report is the need for experienced tax counsel when complicated estate and gift tax returns are audited by  the IRS.

I’ve provided a brief summary of the TIGTA report, which was recently posted on the Boston Bar Association Trust & Estate’s Section blogsite. To view it, please click here.

If you need assistance with representation before the IRS on these or other tax compliance issues, tax attorneys at M. Robinson and Company may be able to help. Please feel free to contact us at 617-428-6900 with questions.

The material in this publication does not constitute legal advice. It is intended for general information purposes only.

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