Type:Notice
Citation:90 FR 12635
Reading Time:about a minute or two
The Internal Revenue Service, part of the Treasury Department, will hold a closed meeting for the Art Advisory Panel on April 17, 2025, at 10:30 a.m. Eastern time. This meeting, taking place in New York City or virtually via Microsoft Teams, will focus on reviewing and evaluating fair market value appraisals of artworks for federal tax purposes. The meeting will be closed to the public because it involves confidential tax return information. Elizabeth P. Askey from the Independent Office of Appeals filed the notice, citing legal provisions to justify the closure.
Simple Explanation
The IRS is having a private meeting where they talk about how much artwork is worth for taxes, and nobody else can join or listen because they talk about secret things.