Audits Get Final Word On Economic Substance, IRS Atty Says

By Kat Lucero · January 8, 2026, 1:48 PM EST

IRS attorneys provide legal guidance during audits on whether a transaction lacks economic substance, but examiners make the ultimate determination, an agency associate chief counsel said Thursday while explaining how the...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login