IRS Launches Compliance Initiative on Estate & Gift Tax

The IRS has recently launched a compliance initiative aimed at identifying taxpayers with potential estate or gift tax liabilities or related compliance issues. As part of this initiative, the IRS has requested and received information from state and county authorities in Connecticut, Florida, Hawaii, Nevada, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, Virginia, Washington, and Wisconsin. In addition, the IRS is attempting to obtain information from California authorities.

Court filings reveal that the IRS has conducted 323 taxpayer examinations (i.e., audits) since the initiative began, with another 217 taxpayer examinations in process and an additional 250 taxpayers slated for future examination. Survey results cited by the Government claim that estate and gift tax filing noncompliance exceeds 50 percent, and that several states have noncompliance rates of 90 to 100 percent.

The attorneys at Andreozzi Bluestein LLP can provide legal representation to Taxpayers who have been contacted by the IRS regarding noncompliance with Federal estate and gift tax requirements, along with those Taxpayers who have compliance questions.

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