IRS plans new group to target the rich

10/27/2009 | Wall Street Journal, The

The Internal Revenue Service is setting up a new unit to target rich taxpayers, Commissioner Doug Shulman said Monday. The Global High Wealth Industry group will seek to decode the complex techniques sometimes used to hide income, Schulman said. "You cannot assess compliance among the nation's wealthiest individuals by looking only at their tax returns," Shulman explained.

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