Tag Archives for " pass-through entities "

IRS Targets Sports Teams, Boosts Wealthy Tax Filers Enforcement, Cites Tax Losses

February 15, 2024

Buying and running sports teams come with certain tax breaks (from tax losses).The Internal Revenue Service (IRS) will intensify its scrutiny of the sports industry’s reporting of sports teams' tax losses,

November 16, 2023

The IRS announced the establishment of a new division targeting “pass-through” entities, which the agency claims will hold America’s wealthiest tax filers “accountable.”Pass-through entities

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Tag Archives for " pass-through entities "

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