Tax attorney Robert E. McKenzie comments as IRS unlocks UBS vault hiding Americans evading taxes.
The IRS recently announced a new voluntary disclosure for companies with misclassified workers.
The taxpayer win in Home Concrete & Supply will have a huge trickle down effect too, not just impacting these cases. Robert McKenzie, tax lawyer with Chicago’s Arnstein & Lehr LLP said four clients of his firm with similar issues would likely reap tax savings approaching $40 million. Indeed, some reports say the case calls into question up to $1 billion in tax revenues.