Jones Day: IRS to Begin Examination of High-Wealth Taxpayers (July 15, 2020)

Jones Day and several other sources have reported that the Internal Revenue Service (“IRS”) announced that as soon as it reopens its collection and examination functions on July 15, it will immediately begin the examination of hundreds of high-income individuals and private foundations that are often established by high-income taxpayers through the Global High Wealth Industry Group (“GHW”).

Source: IRS to Begin Examination of High-Wealth Taxpayers | Jones Day

See also the following:

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..

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