Holtz, Slavett, Drabkin & Warner tax attorney and shareholder David J. Warner will be presenting a Barbri (formerly Strafford) webinar entitled “Recent S Corporation Initiative: Losses in Excess of Basis, Taxable Distributions, Handling the Examination” on Tuesday, March 24, 2026, at 10:00 a.m. Pacific time.
The IRS is focusing on S corporations as one of the main ways to increase tax compliance and lower the tax gap. The IRS is especially interested in issues surrounding shareholder basis, taxable distributions, and losses. In this presentation, David will discuss the IRS’s focus on S corporations, the rules for distributions and deductibility of losses, IRS Form 7203, and how to navigate through these complex audits. To register for this webinar, please click here.
David J. Warner practices in all aspects of tax controversy including tax audits, collection defense, and tax litigation. Before joining Holtz, Slavett, Drabkin & Warner, David was a Senior Trial Attorney with the IRS Office of Chief Counsel in Laguna Niguel, California for 9 years. As an IRS attorney, he handled over 500 cases before the U.S. Tax Court, including the most complex cases involving S corporations and partnerships. As is relevant to this presentation, David was a founding member of the IRS Southwest Area Partnership Cadre that advised IRS revenue agents on audits involving S corporation issues, and David also trained hundreds of IRS lawyers on S corporation tax issues. David was an Adjunct Professor of Law at University of California Irvine School of Law, Chapman University Fowler School of Law, and Loyola Law School, where he taught courses on tax practice and procedure, partnership tax, bankruptcy tax, and corporate tax (including the taxation of S corporations).
Holtz, Slavett, Drabkin & Warner, APLC is a tax controversy and tax litigation law firm consisting of former IRS trial attorneys. We represent taxpayers in all aspects of tax disputes with the IRS and state tax authorities, including IRS audits. To schedule a consultation with David, please contact us at (949) 999-6606.