---
title: Caroline D. Ciraolo Quoted In Tax Notes News Article Entitled “IRS Wants Seat at Debtors’ Bankruptcy Proceedings”
description: Caroline D. Ciraolo was quoted in a recent Tax Notes article entitled “IRS Wants Seat…
---

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# [Caroline D. Ciraolo Quoted In Tax Notes News Article Entitled “IRS Wants Seat at Debtors’ Bankruptcy Proceedings”](https://kostelanetz.com/news/caroline-d-ciraolo-quoted-in-tax-notes-news-article-entitled-irs-wants-seat-at-debtors-bankruptcy-proceedings)

 Written by [Kostelanetz LLP](https://kostelanetz.com/news/author/kostelanetz-llp) | Nov 23, 2021

[Caroline D. Ciraolo ](https://kflaw.com/profile/caroline-d-ciraolo/)was quoted in a recent Tax Notes article entitled “IRS Wants Seat at Debtors’ Bankruptcy Proceedings,” published on November 16, 2021. The article explores new IRS plans for agents to attend debtor-creditor negotiations in bankruptcy proceedings.

The article notes:

*Guillot and Ciraolo spoke November 15 at a conference hosted by the American Institute of CPAs **and the Chartered Institute of Management Accountants about the IRS’s efforts to crack down on **tax avoidance by high-income nonfilers and high-wealth taxpayers. In fiscal 2021 the agency hired **more than 650 revenue officers for the field and put 518 new collection representatives on the **phones, and it plans to place 800 employees into its newest and largest automated collection **system operation in Puerto Rico in 2022.*

*Guillot said most of the 123 new insolvency employees are being trained by IRS revenue officers “to **reinsert the culture of civil investigative thought in those bankruptcy specialists.”*

*Meetings between debtors, creditors, and equity security holders are governed by 11 U.S.C. 341. Debtors meet in open hearings with their creditors to answer questions about their financial **situations under penalty of perjury, explained Ciraolo.*

*“Think about a . . . summons interview with the IRS, where you’re very careful about what your **client says,” Ciraolo said. “It’s kind of like that, but it’s in a public forum. Now imagine the IRS there, **taking careful notes.”*

*“If you are doing insolvency work or bankruptcy work, be prepared,” Ciraolo said. “You’re going to **be asked to consult on these cases. It’s a great line of work to be in, but you have to tread **carefully now that [the IRS is] stacking these hearings.”*

Click [here](https://www.taxnotes.com/tax-notes-today-federal/tax-system-administration/irs-wants-seat-debtors-bankruptcy-proceedings/2021/11/16/7clwx) to read the full article.

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