In the Loop

In the Loop: November 9, 2009 Archive

Super rich tax cheats beware!

Posted at 3:31 PM on November 9, 2009 by Sanden Totten (0 Comments)

Like everyone else these days, the IRS could use some extra money. But without raising taxes where can they get it? Well, one plan is to hunt down taxes from people rich and enough and clever enough to keep their wealth hidden from Uncle Sam.

Still hiding those millions? Think again!
guano via CC 2.jpg
Enter the Global High Wealth Group. This is a new wing of the IRS designed to track down those untold millions sitting in off shore banks and bring the tax cheats to justice. To find out how this plan will work, In The Loop called up Kelly Phillips Erb, aka TaxGirl. She's a tax blogger and tax attorney based out of Philadelphia PA.

Photo by http://www.flickr.com/photos/guano/ / CC BY-SA 2.0

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