Kevin Spencer
Subscribe to Kevin Spencer's PostsKevin Spencer focuses his practice on tax controversy issues. Kevin represents clients in complicated tax disputes in court and before the Internal Revenue Service (IRS) at the IRS Appeals and Examination divisions. In addition to his tax controversy practice, Kevin has broad experience advising clients on various tax issues, including tax accounting, employment and reasonable compensation, civil and criminal tax penalties, IRS procedures, reportable transactions and tax shelters, renewable energy, state and local tax, and private client matters. After earning his Master of Tax degree, Kevin had the privilege to clerk for the Honorable Robert P. Ruwe on the US Tax Court. Read Kevin Spencer's full bio.
Weekly IRS Roundup February 26 – March 1, 2024
By Kevin Spencer, Evan Walters and Jeremy Kass on Mar 6, 2024
Posted In IRS Guidance, Tax Reform, Tax Refunds
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 26, 2024 – March 1, 2024. February 26, 2024: The IRS released Internal Revenue Bulletin 2024-9, which includes the following: Announcement 2024-11, which shares recent disciplinary sanctions involving lawyers, certified public accountants, enrolled agents, enrolled...
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IRS Announces New Audit Initiative Focused on Jet Airplane Usage
By Kevin Spencer and Evan Walters on Mar 1, 2024
Posted In IRS Audits
On February 21, 2024, the Internal Revenue Service (IRS) announced a new initiative to audit the use of airplanes by corporations, large partnerships and high-net-worth individuals. While the IRS has always examined plane usage, this new focus aligns with recent IRS messaging that corporations and high-income taxpayers are not paying their “fair share” of tax...
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Weekly IRS Roundup February 19 – February 23, 2024
By Kevin Spencer, Evan Walters and Jeremy Kass on Feb 29, 2024
Posted In IRS Audits, IRS Guidance, Tax Reform, Tax Refunds
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 19, 2024 – February 23, 2024. February 20, 2024: The IRS published Announcement 2024-12, which revokes tax-exempt status for the Chicago Cannabis Alliance and Keeping My Kids Inc. February 20, 2024: The IRS reminded farmers...
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Weekly IRS Roundup February 12 – February 16, 2024
By Kevin Spencer, Evan Walters and Jeremy Kass on Feb 21, 2024
Posted In IRS Guidance, Tax Reform, Tax Refunds
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 12, 2024 – February 16, 2024. February 12, 2024: The IRS released Internal Revenue Bulletin 2024-7, which includes the following: Revenue Ruling 2024-5, which provides that if one or more of a state’s allocations of...
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Weekly IRS Roundup February 5 – February 9, 2024
By Kevin Spencer, Evan Walters and Jeremy Kass on Feb 13, 2024
Posted In IRS Guidance, Tax Reform, Tax Refunds
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 5, 2024 – February 9, 2024. February 5, 2024: The IRS released Internal Revenue Bulletin 2024-5, which includes the following: Announcement 2024-4, which clarifies that until the IRS issues new final regulations under Internal Revenue...
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Weekly IRS Roundup January 22 – January 26, 2024
By Kevin Spencer, Evan Walters and Jeremy Kass on Jan 30, 2024
Posted In IRS Guidance, Tax Reform, Tax Refunds
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 22, 2024 – January 26, 2024. January 22, 2024: The IRS released Internal Revenue Bulletin 2024-4, which includes Revenue Procedure 2024-8. This revenue procedure lists qualified census tracts used to determine income limits for targeted...
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Weekly IRS Roundup January 15 – January 19, 2024
By Kevin Spencer, Evan Walters and Jeremy Kass on Jan 23, 2024
Posted In IRS Guidance, Tax Reform
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 15, 2024 – January 19, 2024. January 16, 2024: The IRS released Internal Revenue Bulletin 2024-3, which includes the following: Notice 2024-10, which provides guidance on the corporate alternative minimum tax, including rules for determining...
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Weekly IRS Roundup January 8 – January 12, 2024
By Kevin Spencer, Evan Walters and John Zhang on Jan 16, 2024
Posted In IRS Guidance, Tax Reform, Tax Refunds
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 8, 2024 – January 12, 2024. January 8, 2024: The IRS released Internal Revenue Bulletin 2024-2, which includes the following: Notice 2024-7, which provides eligible taxpayers with automatic relief from additions to tax for failure...
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Issues With the IRS? Here’s Why More Taxpayers Should Enlist the Help of the Taxpayer Advocate Service
By Kevin Spencer and Evan Walters on Jan 12, 2024
Posted In Uncategorized
The Taxpayer Advocate Service (TAS) recently released its annual report to US Congress. The report highlights the TAS’s accomplishments in 2023 and its continued areas of focus and concern in the new year. While the report is an interesting read, in this article we discuss why it’s beneficial for taxpayers to have the TAS involved...
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Weekly IRS Roundup January 1 – January 5, 2024
By Kevin Spencer, Evan Walters and John Zhang on Jan 9, 2024
Posted In IRS Guidance, Tax Reform, Tax Refunds
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 1, 2024 – January 5, 2024. January 2, 2024: The IRS released Internal Revenue Bulletin 2024-1, which includes the following: Revenue Procedure 2024-1, which contains the revised procedures for letter rulings and information letters issued...
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