IRS To Focus On High-Wealth Taxpayers - Wealth Management
To print this article, all you need is to be registered or login on Mondaq.com. Under President Biden's administration, wealthy individuals may face a much greater risk of getting audited by the IRS. The president's agenda is reflected in recent legislation introduced by Democratic lawmakers to expand the IRS's audit capabilities as part of a broader tax overhaul. The focus on high-wealth taxpayers is also reflected in the IRS's announcement of new campaigns launched by the Large Business and International ("LB&I") division targeting high-wealth individuals with especi...
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