Depending on what report you read, and how the statistics get manipulated, the Internal Revenue Service gets a grade somewhere between tremendous and embarrassing for its work auditing the returns of wealthy taxpayers.
I'm going to put my trust in a report released last week from the Treasury Inspector General for Tax Administration, if, for no other reason, that a lot of the report made common sense. According to the report, while audits of high-income taxpayers have increased, the actual impact on compliance may be limited.
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