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)

< previous article |next article > |return to table of contents
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.