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Report: IRS audits of super rich still few and far between

from The Huffington Post

Despite the Internal Revenue Service's promise to bring new scrutiny to tax avoidance schemes used by the super rich, a new report finds that of the nearly 8,300 individuals recently reporting adjusted annual gross income of $10 million or more, as few as a dozen may have actually been audited by the special unit devoted to the task. The report from the Transactional Records Access Clearinghouse, a Syracuse University organization that monitors government performance, found that the IRS's Global High Wealth unit completed audits of only 36 super-high-income returns in its first two and a half years. more


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