Question: Vitronix Corporation s net worth exceeds 160 million its stock is

Vitronix Corporation’s net worth exceeds $160 million, its stock is publicly traded, and a national CPA firm audits its financial statements. Wilson Corporation’s net worth also exceeds $160 million. However, it is closely held by members of the Wilson family. Discuss the reasons that the IRS might choose to audit Wilson Corporation rather than Vitronix Corporation.

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  • CreatedNovember 03, 2015
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