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Advisor One
April 29, 2011

IRS High Net Worth Initiative: Fearsome Beast or Paper Tiger?
By William H. Byrnes, Esq., Robert Bloink, Esq., LL.M.

TRACís report indicates that the HNW initiative plans on auditing only 122 returns for the 2011 fiscal year and claims that it will fail to meet even this modest target. According to the report, the IRS will meet only 19% of its audit objectives for the first six months of 2011.

Transactional Records Access Clearinghouse, Syracuse University
Copyright 2011
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