Wednesday, March 02, 2005

IRS to focus on executives' tax returns -- WSJ - Mar. 2, 2005

IRS to focus on executives' tax returns -- WSJ - Mar. 2, 2005: "IRS said to focus on executives

WSJ: Scrutiny added after pilot program turned up significant problems.
March 2, 2005: 7:51 AM EST

WASHINGTON - The Internal Revenue Service has begun routinely looking at tax returns of executives at hundreds of big U.S. corporations, after a pilot program covering two dozen companies turned up significant problems, The Wall Street Journal reported Wednesday.
The initiative is part of a broader IRS focus on the well-to-do, including highly compensated executives, entrepreneurs and others, after years of relative neglect of those groups. The IRS is also extending its scrutiny to executives of big charities and other nonprofits. "

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