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Wealth Advisor
August 17, 2022

More Audits Are on the Way for Taxpayers. How to Respond if You’re Targeted.
By The Wealth Advisor


As staff dwindled, so did the pool of expertise to conduct highly complex audits. In-person audits—many of which analyze sophisticated tax strategies—account for about 15% of audits now compared with about 40% in the mid-1990s, according to the Transactional Records Access Clearinghouse , or TRAC, a tax data-gathering nonprofit at Syracuse University.


Transactional Records Access Clearinghouse, Syracuse University
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