Wall Street Journal Reports - "'Audits from Hell' Target Rich"

The Wall Street Journal had an article recently said said the IRS is targeting wealthy taxpayers and their financial arrangements for audit.  The audits are being conducted by a new IRS unit called the Global High Wealth Industry Group.  People who have gone through one of these audits say the audits seem unusually harsh.

According to the article:

"The IRS group is focusing on many kinds of financial instruments and asset classes, from derivatives to real estate—such as, say, a stake in a winery in Europe—as well as trusts, royalty and licensing agreements, revenue-based or equity-sharing arrangements, private foundations, privately held companies and partnerships."

You can read the complete Wall Street Journal article here.