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 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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Weekly IRS Roundup December 25 – December 29, 2023
By Kevin Spencer and Evan Walters on Jan 2, 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 December 25, 2023 – December 29, 2023. December 26, 2023: The IRS released Internal Revenue Bulletin 2023-52, which includes the following: Revenue Procedure 2023-39, which provides specifications for the private printing of red ink and black-and-white...
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Weekly IRS Roundup December 4 – December 8, 2023
By Kevin Spencer and Evan Walters on Dec 12, 2023
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 December 4, 2023 – December 8, 2023. December 4, 2023: The IRS released Internal Revenue Bulletin 2023-49, which includes the following: Revenue Ruling 2023-22, which establishes certain interest rates pursuant to § 6621 of the Internal...
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Weekly IRS Roundup November 27 – December 1, 2023
By Kevin Spencer on Dec 7, 2023
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 November 27, 2023 – December 1, 2023. November 27, 2023: The IRS released Internal Revenue Bulletin 2023-48, which includes Revenue Procedure 2023-34 and sets forth the annual inflation adjustments for various Internal Revenue Code provisions for...
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Tax Court Rules Limited Partners May Be Subject to Self-Employment Tax
By Kevin Spencer and Samuel J. Preston on Dec 1, 2023
Posted In Court Procedure Matters, Trial Courts
On November 28, 2023, the US Tax Court granted partial summary judgment in favor of the Internal Revenue Service (IRS) in Soroban Capital Partners LP v. Commissioner and held that “limited partners” are defined functionally—not by state law—for purposes of Internal Revenue Code (IRC) Section 1402(a)(13), which excludes distributions to a “limited partner, as such”...
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