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Plan to Revive I.R.S. ‘Wealth Squad’ Puts the Richest on Notice



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Right now, the key for filers is to make sure their tax return tells a consistent story, he said. If that story changes — say, when a lawyer becomes an equity partner in a law firm and gets different tax documents — then the filer needs to be ready to provide supporting documents to back up the new tax story.“Changes are going to trigger scrutiny,” he said. “And when there’s a change in the filing profile, that creates risk.”Regardless of what was done in the past, some practices are going to need to change. As a start, one set …

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