Press Room: Article
The IRS “Holistic” Audit: A Misnomer?
Last fall IRS Commissioner, Douglas Schulman, announced the creation of a new “holistic” audit program.
The term “holistic” is defined as that which relates to or is concerned with wholes or with complete systems rather than with the analysis of, treatment of, or dissection into parts. The word itself is most commonly related to medicine where a doctor focuses on the health of a person’s entire body versus just a specific part. Therefore, the word tends to conjure up feelings of well-being. However, this new audit focus will be anything but as it is specifically designed “to crack down on tax evasion and increase the overall tax compliance of wealthy Americans.”