Question: Seminar in tax planning: 5. A celebrity/influencer leads a public life of apparent wealth without any known source of wealth or income. The IRS investigates

Seminar in tax planning: 5. A celebrity/influencer leads a public life of apparent wealth without any known source of wealth or income. The IRS investigates and finds that tax returns have been filed by this person showing minimal income below the threshold for tax payment. Is the IRS investigation appropriate? Is further IRS action appropriate? Reasons?

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