While the IRS is still busy sifting through some 7,500 names of Americans who disclosed their foreign bank accounts before the amnesty deadline earlier this month, Uncle Sam is already focusing its resources on catching other wealthy people who may have been evading taxes through other creative means aside from using foreign bank accounts.

This latest IRS reorganization program is lead by the “Global High Wealth Industry Group,” which will will launch “a small number” of audits of individuals with assets or income in the tens of millions of dollars.

According to the Wall Street Journal, this new unit of auditors hopes that by targeting the very wealthy, “it will help the tax agency decode partnerships, offshore trusts and other complex techniques used to hide income.”

Since an accurately filed 1040 form may not tell the entire story of someone wealthy with multiple sources of income, the IRS is taking this next step to help ensure that wealthy people are not evading taxes through some other means aside from foreign tax havens.

For those wealthy Americans who have been evading taxes creatively without attracting attention, it’s time to recognize the IRS’s iron determination to catch tax evaders by using whatever means necessary. The IRS has already penalized some taxpayers based on findings through investigative research on social media networks such as Facebook. Read more about how the IRS is using Facebook to find tax cheats.

If you are facing a severe IRS penalty or expecting an IRS audit, you can get professional tax help now to help you resolve your tax problems!

Note: If you have a foreign bank account and did not make the voluntary disclosure deadline on October 15th, you can still obtain tax help to reduce severe IRS penalties.

The important thing to remember is that the IRS will stop at nothing to collect unpaid back taxes, IRS penalties and accumulated interest from you. If you think that you may need professional tax help from a tax attorney, CPA, or certified tax resolution specialist, call us today at 1-866-477-7762 for a free consultation or visit our website at www.taxresolution.com

More Tax Help, IRS News and Tax Relief Tips:

1. Evading Taxes on Your Tax Return - The Money You Save is Not Worth the IRS Problems You End Up Causing Yourself
2. Resolve Your Back Taxes Now to Save Your Financial Future: Tax Tips on My Fox Business News Appearance
3. Resolve IRS Back Taxes: Biggest Mistakes Taxpayers Makes When Faced with IRS Problems
4. Do You Procrastinate on Filing Taxes? Do You Owe the IRS Back Taxes? You Are Not Alone!
5. IRS Tax Help: How to Pick the Most Qualified Tax Resolution Representative to Fight your IRS Battle

Tags: Back Taxes, delinquent taxes, foreign bank accounts, Global High Wealth Industry Group, IRS audit, IRS debt, IRS help, irs problems, Michael Rozbruch, tax attorney, tax evasion, tax evasion from wealthy, tax help, UBS

This entry was posted on Thursday, October 29th, 2009 at 1:04 pm and is filed under Back Taxes, Seeking Professional Tax Help. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.