Saturday, February 7, 2015
Senator Roberts Asks For Guidance on IRS Gift Audit Plans
U.S. Senator Pat Roberts (R-Kan.) asked a question of IRS Commissioner John Koskinen regarding 2011 gift tax audits of individuals who had contributed to political organizations, at Tuesday's U.S. Senate Committee on Finance hearing. Even though the IRS has since stopped audits of contributions, Senator Roberts expressed concern over a lack of guidance from the IRS on how future audits and enforcement will be handled and asked when guidance should be expected to be provided by the IRS. A two minute video of the question and answer can be seen here.
See Post Staff, Sen. Roberts Presses IRS Commissioner on Gift Tax Enforcement, Salina Post, Feb. 4, 2015.
https://lawprofessors.typepad.com/trusts_estates_prof/2015/02/senator-roberts-asks-for-guidance-on-irs-gift-audit-plans.html