"Right now, you file a tax return and you play the audit lottery," said Robert Kovacev, tax controversy partner at law firm Miller & Chevalier.
They can expect increased scrutiny from the IRS over the next few years.
Robert Kovacev Tax controversy partner at Miller & Chevalier"They can expect increased scrutiny from the IRS over the next few years," said Kovacev.
The change won't be immediate, but within three to five years, "there will be a noticeable increase in audits of large partnerships, large businesses and high-net-worth families," he said.
There's IRS pressure to 'show results'watch now
Persons:
Jeffrey Coolidge, Robert Kovacev, Miller, Chevalier, Kovacev, haven't
Organizations:
Photodisc, Miller