September 1, 2022
Financial Advisor quoted Partner David Shuster (formerly of Friedman LLP) in an article about IRS audits of high net worth taxpayers.
Financial Advisor
By Jeff Stimpson
Excerpt:
“There’s a greater lag after a higher-income taxpayer files a return and when that return gets picked up for audit, compared with when low-income taxpayer returns get picked up for audit or other questioning, such as for the [earned income tax credit], which is generally questioned immediately if at all,” Shuster says.
