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Some critics, though, have claimed that the IRS’s efforts to crack down on wealthy tax cheats have gotten off to a slow start. Data found by the Transactional Records Access Clearinghouse at Syracuse University found that the IRS’ Global High Wealth Industry Group (GHWIG) had only audited 13 returns over the past year and a half as of last month.
“Because a single taxpayer at this level frequently will file different kinds of returns, the number of individuals who so far have been targeted is almost certainly very small,” TRAC says.
Read more: Avoiding Common Tax Mistakes - 24/7 Wall St. http://247wallst.com/2011/04/17/avoiding-common-tax-mistakes/#ixzz1JtB8z9gx
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