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''IRS Commissioner nominee Danny Werfel is expected to tell the Senate Finance Committee Wednesday that enforcement efforts against high-income taxpayers and improving customer service will be top priorities for the agency if he is confirmed.
In his prepared opening statement for his confirmation hearing, Werfel said he is “committed to meeting” Treasury Secretary Janet Yellen’s directive that the IRS not boost audit rates, relative to historical levels, for taxpayers making under $400,000 annually.'' (https://news.bloombergtax.com/daily-tax-report/irs-nominee-werfel-to-prioritize-high-income-audits-taxpayer-service).
In this video, Andrew shares an article from Bloomberg and explains why you should get ready to be audited.
Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best."
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If you’re looking to diversify internationally, whether for lower taxes or as a “Plan B”, trust the industry pioneers at Nomad Capitalist and our experience serving the needs of globally-minded entrepreneurs and investors.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.