5min chapter

The WealthAbility Show with Tom Wheelwright, CPA cover image

How Tax Professionals Would Change the IRS

The WealthAbility Show with Tom Wheelwright, CPA

CHAPTER

Targeting Tax Compliance

This chapter explores the IRS's heightened scrutiny of high-income taxpayers and the compliance disparities between sophisticated and less sophisticated individuals. It also addresses the challenges faced by small businesses in tax compliance, highlighting issues with documentation and cash transactions while emphasizing the need for better resource allocation and taxpayer education.

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