Not all tax avoidance is intentional, according to a new interdepartmental Joint Strategic Emerging Issues Team (JSEIT) at the IRS. JSEIT’s objective is to use compliance-risk assessments to pinpoint possible promoters of abusive tax schemes. It also will decide how to deploy resources. Some issues may require education, while others may warrant investigations. Analytics will play a key role. For example, JSEIT is using an advanced network analysis tool to create maps of suspicious activity, such as the improper interpretation or application of tax law. Such patterns may not necessarily indicate intentional tax avoidance, but “they may become abusive in the future,” says a team member. Call or visit our website for more information! www.mjscpa.com/
