Family Office Fridays: Tax Controversy and Tax Dispute Resolution for Individuals and Family Offices

The past year has been a challenging one adjusting to a new way of working, living, and doing business in a COVID-19 environment. Recently, as taxpayers and revenue authorities have settled into this “new normal”, we have seen an increase in enforcement activity. Disputes are again on the rise, and taxpayers are dealing with inquiries from revenue authorities at the state and local, federal, and global level. In the midst of this increased activity, taxpayers continue to grapple with a heightened IRS focus on partnership matters, the application of the new partnership audit regime under the Bipartisan Budget Act (BBA), and the impact of the challenging Administrative Adjustment Request (AAR) process.

KPMG LLP (KPMG) invites you to a TaxWatch webcast where members of our Washington National Tax office will discuss these issues and their impact on the current year and beyond. Specific topics will include:

• Discussion of recent IRS campaigns to increase the number of audits of high-wealth taxpayers, and a review of recent IRS audit activity, in general.
• Overview of the BBA audit rules and consideration around the AAR process, and the impact of such items on individual taxpayers and family offices.

Please join us for what promises to be an insightful and informative webcast.