IRS steps up audits of rich taxpayers

10/24/2013 | Financial Advisor online

The Internal Revenue Service has increased its audits of wealth taxpayers and created a new division to enforce compliance, according to this article. The agency is also going after Americans with offshore bank accounts. The author attributes agency action to a drop in the personal taxes to personal income ratio. AICPA PFP/PFS members have access to a wide array of tax planning resources to advise their clients.

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