Sarah M. Raben
Subscribe to Sarah M. Raben's PostsSarah M. Raben focuses her practice on private client matters with particular experience in tax controversy. Prior to joining McDermott, she worked for the IRS Office of Chief Counsel. Read Sarah Raben's full bio.
Weekly IRS Roundup March 13 – March 17, 2023
By Sarah M. Raben on Mar 20, 2023
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 March 13, 2023 – March 17, 2023. March 13, 2023: The IRS released Internal Revenue Bulletin 2023-11, which highlights the following: Notice 2023-21: This notice postpones the beginning of the lookback periods under Section 6511 for...
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Senate Confirms New IRS Commissioner
By Kevin Spencer and Sarah M. Raben on Mar 13, 2023
Posted In Uncategorized
The US Senate has confirmed Daniel Werfel as the next commissioner of the Internal Revenue Service (IRS). The Senate voted 54-42, achieving bipartisan support for the nominee. Undoubtedly on top of Werfel’s priority list will be how to deploy the agency’s $80 billion in new funding provided by the Inflation Reduction Act of 2022. During...
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Weekly IRS Roundup March 6 – March 10, 2023
By Sarah M. Raben on Mar 13, 2023
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 March 6, 2023 – March 10, 2023. March 6, 2023: The IRS released Internal Revenue Bulletin 2023-10, which highlights the following: Action on Decision 2023-1: The IRS announced that although it disagrees with the holding that...
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Weekly IRS Roundup February 27 – March 3, 2023
By Sarah M. Raben on Mar 6, 2023
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 27, 2023 – March 3, 2023. February 27, 2023: The IRS released Internal Revenue Bulletin 2023-9, which highlights the following: Revenue Ruling 2023-4: This revenue ruling establishes the interest rates on tax overpayments and underpayments...
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Weekly IRS Roundup February 20 – February 24, 2023
By Sarah M. Raben on Feb 27, 2023
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 20, 2023 – February 24, 2023. February 21, 2023: The IRS released Internal Revenue Bulletin 2023-8, which highlights the following: Notice 2023-16: This notice modifies the definition of certain vehicle classifications by changing the standard...
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Weekly IRS Roundup February 13 – February 17, 2023
By Sarah M. Raben on Feb 21, 2023
Posted In IRS Guidance, Tax Reform, Tax Refunds
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 13, 2023 – February 17, 2023. February 13, 2023: The IRS released Internal Revenue Bulletin 2023-7, which highlights the following: Revenue Procedure 2023-9: This procedure provides new rules and conditions for implementing the optional...
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Weekly IRS Roundup February 6 – February 10, 2023
By Sarah M. Raben on Feb 13, 2023
Posted In IRS Guidance, Tax Reform, Tax Refunds
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 6, 2023 – February 10, 2023. February 6, 2023: The IRS released Internal Revenue Bulletin 2023-6, which highlights the following: Notice 2023-12: This notice provides updates on the corporate bond monthly yield curve and...
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Weekly IRS Roundup January 30 – February 3, 2023
By Sarah M. Raben on Feb 6, 2023
Posted In IRS Guidance, Tax Reform, Tax Refunds
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 30, 2023 – February 3, 2023. January 30, 2023: The IRS released Internal Revenue Bulletin 2023-5, which highlights the following: Announcement 2023-5: This announcement provides notice that there were no articles submitted for this...
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Supreme Court Punts on Attorney-Client Privilege Question
By Kevin Spencer, Sarah M. Raben and McDermott Will & Emery on Feb 2, 2023
Posted In Appellate Courts, Court Procedure Matters, IRS Audits, Privilege and Non-Disclosure, Trial Courts
In a surprising move, the Supreme Court of the United States (SCOTUS) dismissed a dispute involving the proper test to apply when determining whether an unnamed law firm’s mixed bag of communications involving both legal advice and discussions of tax preparation was privilege. The dismissal came less than two weeks after oral arguments, with SCOTUS stating...
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Weekly IRS Roundup January 23 – January 27, 2023
By Sarah M. Raben on Jan 30, 2023
Posted In IRS Guidance, Tax Reform, Tax Refunds
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 23, 2023 – January 27, 2023. January 23, 2023: The IRS released Internal Revenue Bulletin 2023-4, which highlights the following: Proposed Regulation 114666-22: This proposed regulation modifies the participant election rules in Section 1.401(a)-21(d),...
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