Tax and Wills & Estates Update

Mondaq Business BriefingUnited States Law Articles in English (2002)

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Tax and Wills & Estates Update

IRS Announces New Audit Strategy Focusing on High Income Groups and High Risk Areas

The IRS recently announced (FS-2002-12) that it is revamping its audit strategy to focus on several areas that have been identified as having a high risk of noncompliance. One such area of scrutiny will be high-income taxpayers involved in what are perceived as high-risk activities, i.e., partnerships,...

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