Phil Karter quoted in Barron's Article “The IRS Could Get $80 Billion. Your Clients May Have More Tax Problems"
“The IRS Could Get $80 Billion. Your Clients May Have More Tax Problems,” Barron’s
In an article published on August 10, 2022 by Barron’s, Chamberlain Hrdlicka's Philadelphia-based Shareholder Phil Karter discusses the importance of responding to an IRS notice as it relates to the potential increase in audit enforcement from the IRS following the implementation of the Inflation Reduction Act of 2022.
“Little problems can become big ones if IRS notices are ignored,” explains Karter. The article further explains that the IRS can impose burdensome penalties, interest costs, garnishments and liens on property.
To learn more, view the full article here.