by Appraisal Economics | Feb 27, 2024 | Business Valuation
Beyond its conventional role as the tax collector, the IRS is harnessing the power of artificial intelligence to revolutionize its audit processes. This shift marks a pivotal moment, one where cutting-edge technology intersects with the nuanced world of tax...
by Appraisal Economics | Jan 26, 2024 | Sports Franchise Valuation
On January 16, the IRS announced a campaign to “identify partnerships within the sports industry that report significant tax losses and determine if the income and deductions driving the losses are reported in compliance with the applicable sections of the Internal...
by Appraisal Economics | Jul 12, 2021 | Taxes, Valuation
Since taking office, President Biden has made a few stands that surprised the American public. Most recently, he announced a fairly substantial new initiative for the Internal Revenue Service. Along with directional change and increased number of staff comes a hefty...
by Appraisal Economics | Nov 21, 2018 | Family Limited Partnership, Taxes
In recent years, the IRS has increased its auditing activity. This trend will persist as the government continues to target families it believes are abusing the use of discounts. One of the most beneficial ways to curb wealth transfer taxes is to establish a family...
