18 Mar 2025
🎨IRS Notice of Closed Art Advisory Panel Meeting and Business Impact
Art Advisory Panel-Notice of Closed Meeting
Summary
Closed meeting of the Art Advisory Panel will be held in New York, NY or virtually via Microsoft Teams. The entire meeting will be closed.
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
The closed meeting of the Art Advisory Panel covers the evaluation of fair market appraisals related to Federal tax returns, directly impacting businesses involved in art transactions and tax compliance. Business owners in the arts sector need to be aware of compliance requirements associated with appraisals and possible financial implications of the discussions.