AHLSTARZ Tax and Accounting Service -- Numbers, Simplified.

The IRS is set to launch a new initiative to uncover tax evasion by higher income individuals, IRS Commissioner Douglas Shulman said on October 26. The Global High Wealth Industry Group will examine sophisticated financial, business, and investment vehicles for tax avoidance. Shulman also appeared to predict that any future registration and testing of return preparers would exclude Circular 230 professionals. Shulman spoke at the AICPA National Tax Conference in Washington, D.C.

High-Wealth Individuals