(AP) — The Internal Revenue Service audits fewer than 1 percent of large business partnerships, according to a government report released Tuesday.
That means some of Wall Street's largest hedge funds and private equity firms are largely escaping close scrutiny by the IRS, said Sen. Carl Levin, D-Mich.
IRS audits less than 1 percent of big partnerships
by guest_blog
Apr 17, 2014
(AP) — The Internal Revenue Service audits fewer than 1 percent of large business partnerships, according to a government report released Tuesday.
That means some of Wall Street's largest hedge funds and private equity firms are largely escaping close scrutiny by the IRS, said Sen. Carl Levin, D-Mich.
news.yahoo.com/irs-audits-less-1-percent-big-partnerships-213249501--finance.html?.tsrc=opera14