3% Federal Withholding Relief?http://www.cchgroup.com/wordpress/index.php/tax-headlines/federal-tax-headlines/ways-and-means-approves-3-percent-withholding-tax-repeal/

Special IRS Audits Target Wealthy Elite - Forbes

A great article about new examination practices by the IRS to audit "wealthy" taxpayers. The strategy behind this program is to examine the totality of the taxpayer's reported income and expense items on their tax returns. Further, the objective is to examine the taxpayer's "financial life" and determine if items are being properly reported on tax returns. This is in contrast to past practices where the IRS may have only reviewed selected issues on a taxpayers return. The IRS perceives that there has been abuse by this group of taxpayers with respect to offshore and unreported income. There also has been a number of publicized tax shelter cases where the IRS has previaled in its challenges of these shelters.

Are you ready for an examination like this?

Special IRS Audits Target Wealthy Elite - Forbes