Tag: Whipsaw Audit

IRS Whipsaw Tax Audit

Chris Moss CPA Tax Attorney

Welcome to TaxView with Chris Moss CPA The IRS defines a “whipsaw case” as a settlement in one case that can have a contrary tax effect in another case.” IRS Manual 8.2.3.13 All of you at some point will most likely experience a whipsaw case during an IRS audit of a partnership, ex-spouse, related beneficiary …

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