IRS audit activity regarding QSBS seems to be on the rise. During Q1 2024 we have seen multiple taxpayers receive requests for information, had QSBS claims rejected by the IRS and / or cases have gone to trial.
Has the IRS challenged or rejected your QSBS claim? Let us know and we can explore potential next steps.
This article does not constitute legal or tax advice. Please consult with your legal or tax advisor with respect to your particular circumstance.