A new IRS unit will target the ultra-wealthy by helping decode partnerships, offshore trusts and...

|By:, SA News Editor

A new IRS unit will target the ultra-wealthy by helping decode partnerships, offshore trusts and other complex techniques used to hide earnings. The new Global High Wealth Industry group will begin its first audits next month, honing in on individuals with assets or income in the tens of millions - for whom, IRS says, you cannot assess compliance "by looking only at their 1040s."