Law360, New York (January 9, 2014, 6:22 PM EST) -- Most individual taxpayers are fortunate enough to never have to endure a painful interaction with the IRS beyond filing their personal income tax returns. Budgetary pressures in recent years have constrained the IRS’s ability to devote significant resources to effective routine enforcement of individual income tax return filings. But the low “audit coverage” in the individual arena is not reflective of the scrutiny for estate tax return filers.
Significant IRS Interest in Estate Tax Returns
Every taxpayer expecting to be subject to a federal estate tax...
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