IRS, audit, scrutiny

Massachusetts Society of CPAs publishes “Beware of IRS Scrutiny of Non-Cash Charitable Contributions”

The Massachusetts Society of CPAs (MSCPA) published, “Beware of IRS Scrutiny of Non-Cash Charitable Contributions,” written by Jon Barooshian and Matt Morris. The article is Barooshian and Morris’ thorough breakdown of the legal battle between their client and the IRS, which Massachusetts Lawyers Weekly also covered in “Carriage of Justice,” quoting Barooshian about his role in the case.

The case made its way to the February 2018 Boston session of the United States Tax Court, which highlighted the need for clarity in laws and regulations surrounding charitable gifts and donations.

Below is an excerpt from the article:

“Although practitioners might initially assume that the scope of this case is relatively narrow, this case indicates that the IRS is willing to take a very aggressive stance—from audit, to Appeals, and eventually to the U.S. Tax Court—in order to challenge charitable deductions that might appear at first blush to be over-inflated.”

Continue reading on the MSCPA website.

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