IRS, With AI Help, Readies Audits of Large Hedge Funds, Real Estate Partnerships

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Move comes as the tax agency tries to build its case for keeping what is left of a pot of money Congress gave it last year.

Sept. 8, 2023 9:00 am ETThe IRS also plans to pursue cryptocurrency owners and construction contractors making payments to shell companies.

WASHINGTON—The Internal Revenue Service this month will begin auditing 75 large partnerships, including hedge funds and real estate firms, as the tax agency tries to build its case for keeping what is left of a pot of money Congress gave it last year.Continue reading your article with

 

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