Putting TRAC to Work
  News Organizations
April 10, 2012

IRS Conducted 36 High-Wealth Program Audits, Report Says
By Richard Rubin

The U.S. Internal Revenue Service collected $48 million in 36 audits completed under its Global High-Wealth initiative, according to a report by the Transactional Records Access Clearinghouse at Syracuse University in New York. The report, which uses internal IRS reports obtained through a court order, said that 12 of the 36 finished audits resulted in no additional taxes being imposed. “We’re now 2˝ years into the program and have very little to show for it,” said Susan Long, co-director of the research center and a statistician at Syracuse University. “It does seem to be rather surprising. And they’ve become very silent this past year about it.”

Transactional Records Access Clearinghouse, Syracuse University
Copyright 2012
TRAC TRAC at Work TRAC TRAC at Work News Organizations News Organizations