IRS Turns up The Heat on Tax Cheats
2002 Year-in Review
Facing a shrinking budget and limited resources, the IRS is using every available resource it has to catch tax cheats, which outgoing Chairman Charles Rossotti identifies as the biggest problem facing the IRS today. Random audits are back after a 14-year hiatus, and the IRS is using the long arm of the law to prosecute legitimate promoters of questionable tax shelters, forcing credit card companies to assist in identifying offshore havens for tax cheats, and utilizing aspects of the new Homeland Security bill to identify those individuals and corporations who are abusing the system to shelter, hide, or otherwise cheat the US government out of the taxes it is due.
07/01/02 PwC Makes Cash Settlement With IRS