In brief
On 28 September 2020, the Treasury Inspector General for Tax Administration published the Final Audit Report (“Report“). The Report was originally initiated to determine the effectiveness of the IRS efforts in ensuring compliance with the expatriation tax provisions under sections 887 and 877A, and related efforts to reduce taxpayer’s burden.
Contents
Based on the conclusions of the Report, the system lacks a centralized compliance effort aimed at enforcing the expatriate rules.
Read the full alert in the North America Tax and News Development Newsletter.
