IRS has always looked to high-net-worth taxpayers and complex business entities for enforcement. Audits are generally conducted by the Global High Wealth Industry Group (GHW Group), although IRS has stated that it also trains examiners in other areas to conduct GHW exams. High-income/high-wealth individuals with global assets and related entities need to understand how GHW enforcement initiatives may impact them and take steps to prepare for an audit in advance of an IRS notice.

How Andersen Can Help

• Assist high-income/high-wealth individuals ahead of receiving an audit notice in identifying specific risk areas, and
• Help prepare and organize their documents and records in advance of an audit notice.

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