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IRS, Flexing Some Muscle of Its Own, Announces Sports Industry Compliance Campaign  


Author:  James N. Mastracchio.; Susan E. Seabrook.; Karl Kurzatkowski.


Source: Volume 41, Number 03, Spring 2024 , pp.67-69(3)




Journal of Taxation of Investments

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Abstract: 

The IRS has announced a new compliance focus on partnerships operating in the sports industry. The authors briefly outline the IRS’s announcement and its implications.

Keywords: IRS LB&I campaign, partnership focus, sports teams’ flow-through tax losses

Affiliations:  1: Winston & Strawn LLP; 2: Winston & Strawn LLP; 3: Winston & Strawn LLP.

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