IRS Corporate Audit Division Will Examine UBS Tax Evasion Cases


By Ryan J. Donmoyer
Bloomberg.com


Sept. 1 (Bloomberg) -- The U.S. Internal Revenue Service is shifting audits of wealthy Americans suspected of offshore tax evasion to an elite division that usually examines businesses as it prepares to receive data on 4,450 UBS AG Swiss bank accounts.

The tax agency posted internal job listings yesterday seeking auditors to work for a newly created office within its Large and Mid-Size Business division that will be tasked with monitoring what it called the “global high-wealth industry.â€