Page 27 - Credits & Deductions in IRA_2022
P. 27

IRS will Challenge






                                                           3


                                                                The IRS will challenge the
                                                                purported tax benefits from

                                                                these types of transactions and
                                                                impose penalties.
                                2





                                                                                                         1    The IRS Criminal Investigation
                                                                                                              Division is always on the
                                                                                                              lookout for promoters and
                                                                                                              participants of these types of
                                                             1                                                schemes












                                                               2     Taxpayers should
                                                                     think twice before

                                                                     including
                                                                     questionable
                                                                     arrangements on

                                                                     their tax returns.
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